Silver Movement
Silver prices rose 0.52% to USD21.80 per ounce during the 24 hours ending 23:00GMT, buoyed by a rise in the prices of industrial metals and a weakness in the US Dollar.
In the Asian session, at GMT0400, Silver is trading at 21.74, 0.29% 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 21.42. Silver is expected to find its first resistance at 21.99, and a rise through could take it to the next resistance level of 22.23.
The white metal is trading just below its 20 Hr moving average and is showing convergence with its 50 Hr moving average.
