Silver Movement
Silver prices declined 2.99% to USD20.72 per ounce during the 24 hours ending 23:00GMT, amid a broad drop in metal prices.
In the Asian session, at GMT0400, Silver is trading at 20.72, marginally higher from yesterday’s close.
Silver is expected to find support at 20.44, and a fall through could take it to the next support level of 20.16. Silver is expected to find its first resistance at 21.15, and a rise through could take it to the next resistance level of 21.58.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
