Silver Movement
On Friday, Silver prices declined 5.98% to the USD26.00 per ounce during the period ending 21:00GMT, in line with fall in gold prices.
In the Asian session, at GMT0300, Silver is trading at 24.82, 4.57% lower from Friday’s close.
Silver is expected to find support at 23.47, and a fall through could take it to the next support level of 22.13. Silver is expected to find its first resistance at 26.92, and a rise through could take it to the next resistance level of 29.03.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
