Silver: White metal trading converging with its MA’s

Silver

Silver Movement

Silver prices declined 0.17% to USD 20.60 per ounce during the 24 hours ending 23:00GMT.

In the Asian session, at GMT0300, Silver is trading at 20.61, tad higher from yesterday’s close.

Silver is expected to find support at 20.46, and a fall through could take it to the next support level of 20.31. Silver is expected to find its first resistance at 20.8, and a rise through could take it to the next resistance level of 20.99.

The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.

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