Silver Movement
Silver prices rose 0.65% to the USD22.72 per ounce during the 24 hours ending 23:00GMT, as a weaker US dollar bolstered the demand outlook of the dollar denominated commodity.
In the Asian session, at GMT0300, Silver is trading at 22.64, 0.36% lower from yesterday’s close.
Silver is expected to find support at 22.54, and a fall through could take it to the next support level of 22.43. Silver is expected to find its first resistance at 22.81, and a rise through could take it to the next resistance level of 22.99.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
