Silver Movement
Silver prices rose 2.61% to the USD22.76 per ounce during the 24 hours ending 23:00GMT, buoyed by a weakness in the US dollar and a rise in the prices of the industrial metals.
In the Asian session, at GMT0300, Silver is trading at 22.69, 0.30% lower from yesterday’s close.
Silver is expected to find support at 22.18, and a fall through could take it to the next support level of 21.66. Silver is expected to find its first resistance at 23.02, and a rise through could take it to the next resistance level of 23.34.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
