Silver Movement
Silver prices declined 0.08% to the USD21.24 per ounce during the 24 hours ending 23:00GMT, as a decline in the price of industrial metal spooked investors’ confidence in white metal.
In the Asian session, at GMT0300, Silver is trading at 21.26, 0.06% higher from yesterday’s close.
Silver is expected to find support at 20.66, and a fall through could take it to the next support level of 20.07. Silver is expected to find its first resistance at 21.68, and a rise through could take it to the next resistance level of 22.11.
The white metal is trading just above its 20 Hr moving average and is showing convergence with its 50 Hr moving average.
