Silver Movement
Silver prices rose 0.52% to the USD22.62 per ounce during the 24 hours ending 23:00GMT. However, a stronger US Dollar kept the commodity’s gains in check.
In the Asian session, at GMT0400, Silver is trading at 22.40, 0.95% lower from yesterday’s close.
Silver is expected to find support at 22.12, and a fall through could take it to the next support level of 21.84. Silver is expected to find its first resistance at 22.89, and a rise through could take it to the next resistance level of 23.37.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
