Silver Movement
Silver prices declined 1.57% to USD 21.59 per ounce during the 24 hours ending 23:00GMT, amid broad gains in the US Dollar.
Late Tuesday, the Silver Institute reported that the demand for the US Mint (American Eagle silver bullion) surged 26% to 42.68 million in 2013, from 33.74 million coins sold in 2012.
In the Asian session, at GMT0400, Silver is trading at 21.47, 0.57% lower from yesterday’s close.
Silver is expected to find support at 21.26, and a fall through could take it to the next support level of 21.04. Silver is expected to find its first resistance at 21.81, and a rise through could take it to the next resistance level of 22.14.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
