Silver Movement
Silver prices declined 1.98% to the USD21.85 per ounce during the 24 hours ending 23:00GMT, as lingering concerns over the Fed’s interest rate decision weighed on the dollar-denominated commodity.
In the Asian session, at GMT0300, Silver is trading at 21.91, 0.28% higher from yesterday’s close.
Silver is expected to find support at 21.65, and a fall through could take it to the next support level of 21.39. Silver is expected to find its first resistance at 22.19, and a rise through could take it to the next resistance level of 22.47.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
