Silver Movement
On Friday, Silver prices rose 0.31% to USD 20.88 per ounce during the period ending 21:00GMT, as geo-political tensions in Iraq bolstered demand for safe-haven assets.
In the Asian session, at GMT0300, Silver is trading at 20.82, 0.31% lower from Friday’s close.
Silver is expected to find support at 20.60, and a fall through could take it to the next support level of 20.39. Silver is expected to find its first resistance at 21.01, and a rise through could take it to the next resistance level of 21.21.
The white metal is showing convergence with its 20 Hr moving average and is trading above its 50 Hr moving average.
