Silver Movement
Silver prices rose 0.36% to USD 19.49 per ounce during the 24 hours ending 23:00GMT, as a downbeat US jobless claims data and escalating violence in Ukraine and Thailand spurred demand for safe-haven assets.
In the Asian session, at GMT0300, Silver is trading at 19.44, 0.26% lower from yesterday’s close.
Silver is expected to find support at 19.28, and a fall through could take it to the next support level of 19.12. Silver is expected to find its first resistance at 19.71, and a rise through could take it to the next resistance level of 19.99.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
