Silver Movement
Silver prices declined 0.60% to the USD22.28 per ounce during the 24 hours ending 23:00GMT, following the release of FOMC minutes that revealed that “a number” of officials were open to tapering large-scale asset purchases as early as the June meeting.
In the Asian session, at GMT0300, Silver is trading at 22.16, 0.56% lower from yesterday’s close.
Silver is expected to find support at 21.65, and a fall through could take it to the next support level of 21.14. Silver is expected to find its first resistance at 23.00, and a rise through could take it to the next resistance level of 23.85.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
