Silver Movement
Silver prices rose 0.18% to the USD21.80 per ounce during the 24 hours ending 23:00GMT. However, mixed signal on the demand outlook of the industrial metals kept the commodity’s gains in check.
In the Asian session, at GMT0300, Silver is trading at 21.70, 0.46% lower from yesterday’s close.
Silver is expected to find support at 21.47, and a fall through could take it to the next support level of 21.24. Silver is expected to find its first resistance at 21.93, and a rise through could take it to the next resistance level of 22.17.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
