Silver Movement
On Friday, Silver prices rose 1.11% to USD 21.48 per ounce during the period ending 21:00GMT, buoyed by a weakness in the US Dollar. The prices of white metal also received support from investors’ strong demand for safe-haven assets amid lingering geo-political tensions in Ukraine.
In the Asian session, at GMT0400, Silver is trading at 21.39, 0.40% lower from Friday’s close.
Silver is expected to find support at 21.09, and a fall through could take it to the next support level of 20.78. Silver is expected to find its first resistance at 21.75, and a rise through could take it to the next resistance level of 22.10.
The white metal is trading between its 20 Hr and 50 Hr moving averages.
