Silver Movement
On Friday, Silver prices declined marginally to USD 19.69 per ounce during the period ending 20:00GMT. However, earlier during the day, silver traded higher as growing turmoil in Ukraine spurred demand for safe-haven assets.
In the Asian session, at GMT0300, Silver is trading at 19.71, 0.09% higher from Friday’s close.
Silver is expected to find support at 19.55, and a fall through could take it to the next support level of 19.39. Silver is expected to find its first resistance at 19.84, and a rise through could take it to the next resistance level of 19.98.
The white metal is showing convergence with its 20 Hr moving average and is trading above its 50 Hr moving average.
