Silver Movement
On Friday, Silver prices declined 0.20% to USD 20.35 per ounce during the period ending 21:00GMT.
Data revealed that the US Mint sold 1,975,000 ounces of American Eagle silver coins in July, the lowest since December 2013.
In the Asian session, at GMT0300, Silver is trading at 20.39, 0.22% higher from Friday’s close.
Silver is expected to find support at 20.23, and a fall through could take it to the next support level of 20.07. Silver is expected to find its first resistance at 20.57, and a rise through could take it to the next resistance level of 20.74.
The white metal is showing convergence with its 20 Hr moving average and trading below its 50 Hr moving average.
