Silver Movement
Silver prices rose 0.36% to USD 21.01 per ounce during the 24 hours ending 23:00GMT, as a decline in the US Dollar bolstered the demand-outlook of the dollar-denominated commodity.
In the Asian session, at GMT0300, Silver is trading at 21.09, 0.36% higher from yesterday’s close.
Silver is expected to find support at 20.86, and a fall through could take it to the next support level of 20.63. Silver is expected to find its first resistance at 21.23, and a rise through could take it to the next resistance level of 21.37.
The white metal is trading just above its 20 Hr and 50 Hr moving averages.
