Silver Movement
Silver prices declined 0.91% to USD21.66 per ounce during the 24 hours ending 23:00GMT, as a decline in the prices of industrial metals weighed on the demand outlook of the commodity.
In the Asian session, at GMT0400, Silver is trading at 21.70, 0.15% higher from yesterday’s close.
Silver is expected to find support at 21.56, and a fall through could take it to the next support level of 21.41. Silver is expected to find its first resistance at 21.88, and a rise through could take it to the next resistance level of 22.07.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
