Silver Movement
On Friday, Silver prices rose 0.23% to the USD21.90 per ounce during the period ending 21:00GMT, as a decline in the US Dollar and a rise in the prices of industrial metals bolstered the demand outlook of the dollar-denominated white metal.
In the Asian session, at GMT0300, Silver is trading at 22.08, 0.83% higher from Friday’s close.
Silver is expected to find support at 21.84, and a fall through could take it to the next support level of 21.60. Silver is expected to find its first resistance at 22.22, and a rise through could take it to the next resistance level of 22.36.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
