Silver Movement
Silver prices declined 2.04% to the USD21.89 per ounce during the 24 hours ending 23:00GMT, as a stronger US Dollar weighed on the demand outlook of the dollar-denominated white metal.
In the Asian session, at GMT0300, Silver is trading at 21.89, tad lower from yesterday’s close.
Silver is expected to find support at 21.64, and a fall through could take it to the next support level of 21.40. Silver is expected to find its first resistance at 22.25, and a rise through could take it to the next resistance level of 22.62.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
