Silver Movement
Silver prices rose 0.11% to the USD22.50 per ounce during the 24 hours ending 23:00GMT, tracking gains in the prices of industrial metals.
In the Asian session, at GMT0400, Silver is trading at 22.51, marginally higher from yesterday’s close.
Silver is expected to find support at 22.34, and a fall through could take it to the next support level of 22.16. Silver is expected to find its first resistance at 22.65, and a rise through could take it to the next resistance level of 22.79.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
