Silver: White metal is converging with its MA’s

Silver Movement

Silver prices rose 0.44% to the USD21.85 per ounce during the 24 hours ending 23:00GMT.

In the Asian session, at GMT0300, Silver is trading at 21.77, 0.35% lower from yesterday’s close.

Silver is expected to find support at 21.58, and a fall through could take it to the next support level of 21.38. Silver is expected to find its first resistance at 21.98, and a rise through could take it to the next resistance level of 22.19.

The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.