Silver Movement
Silver prices declined 2.04% to USD20.39 per ounce during the 24 hours ending 23:00GMT, after comments from two of the top Fed officials spurred fresh speculation for an early tapering.
In the Asian session, at GMT0400, Silver is trading at 20.27, 0.58% lower from yesterday’s close.
Silver is expected to find support at 20.08, and a fall through could take it to the next support level of 19.89. Silver is expected to find its first resistance at 20.63, and a rise through could take it to the next resistance level of 20.98.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
