Silver Movement
Silver prices declined 3.57% to the USD 23.44 per ounce during the 24 hours ending 23:00GMT as a decline in the demand for industrial metals spooked investors’ confidence.
In the Asian session, at GMT0300, Silver is trading at 23.44, tad lower from yesterday’s close.
Silver is expected to find support at 23.07, and a fall through could take it to the next support level of 22.70. Silver is expected to find its first resistance at 24.07, and a rise through could take it to the next resistance level of 24.71.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
