Silver Movement
On Friday, Silver prices declined 0.24% to the USD21.88 per ounce during the period ending 21:00GMT, hurt by a stronger dollar and a decline in the price of industrial metals.
In the Asian session, at GMT0400, Silver is trading at 21.71, 0.77% lower from Friday’s close.
Silver is expected to find support at 21.62, and a fall through could take it to the next support level of 21.52. Silver is expected to find its first resistance at 21.90, and a rise through could take it to the next resistance level of 22.08.
The white metal is showing convergence with its 20 Hr moving average and is trading below its 50 Hr moving average.
