Silver: White metal trading below its MA’s

Silver

Silver Movement

On Friday, Silver prices rose 0.19% to USD 21.84 per ounce during the period ending 21:00GMT, mirroring gains in the prices of industrial metals and gold.

In the Asian session, at GMT0400, Silver is trading at 21.59, 1.11% lower from Friday’s close.

Silver is expected to find support at 21.43, and a fall through could take it to the next support level of 21.26. Silver is expected to find its first resistance at 21.87, and a rise through could take it to the next resistance level of 22.14.

The white metal is trading below its 20 Hr and 50 Hr moving averages.

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