Silver Movement
Silver prices rose 1.22% to the USD22.55 per ounce during the 24 hours ending 23:00GMT, in tandem with rise in gold.
In the Asian session, at GMT0300, Silver is trading at 22.54, marginally lower from yesterday’s close.
Silver is expected to find support at 22.17, and a fall through could take it to the next support level of 21.81. Silver is expected to find its first resistance at 22.81, and a rise through could take it to the next resistance level of 23.08.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
