Silver Movement
Silver prices declined 0.81% to the USD22.58 per ounce during the 24 hours ending 23:00GMT, as a decline in the prices of industrial metals spooked investors’ confidence in the demand outlook of the white metal.
In the Asian session, at GMT0300, Silver is trading at 22.70, 0.55% higher from yesterday’s close.
Silver is expected to find support at 22.53, and a fall through could take it to the next support level of 22.37. Silver is expected to find its first resistance at 22.83, and a rise through could take it to the next resistance level of 22.95.
The white metal is trading just above its 20 Hr and 50 Hr moving averages.
