Silver Movement
Silver prices traded almost flat at USD20.39 per ounce during the 24 hours ending 23:00GMT.
In the Asian session, at GMT0400, Silver is trading at 20.45, 0.30% higher from yesterday’s close, amid a broadly weak dollar.
Silver is expected to find support at 20.28, and a fall through could take it to the next support level of 20.11. Silver is expected to find its first resistance at 20.56, and a rise through could take it to the next resistance level of 20.68.
The white metal is trading just above its 20 Hr moving average and is showing convergence with its 50 Hr moving average.
