Silver Movement
Silver prices declined 0.19% to USD 21.24 per ounce during the 24 hours ending 23:00GMT, amid a strong US Dollar following strong US retail sales and jobless claims data.
In the Asian session, at GMT0400, Silver is trading at 21.24, tad lower from yesterday’s close.
Silver is expected to find support at 21.07, and a fall through could take it to the next support level of 20.91. Silver is expected to find its first resistance at 21.44, and a rise through could take it to the next resistance level of 21.63.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
