Silver Movement
Silver prices rose 0.50% to USD 21.01 per ounce during the 24 hours ending 23:00GMT, as mounting concerns on the growth-outlook of the US economy fuelled demand for safe-haven assets.
In the Asian session, at GMT0300, Silver is trading at 20.95, 0.29% lower from yesterday’s close.
Silver is expected to find support at 20.71, and a fall through could take it to the next support level of 20.48. Silver is expected to find its first resistance at 21.17, and a rise through could take it to the next resistance level of 21.40.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
