Silver Movement
Silver prices rose 0.64% to USD 20.21 per ounce during the 24 hours ending 23:00GMT, taking cues from gains in gold prices.
In the Asian session, at GMT0400, Silver is trading at 20.13, 0.43% lower from yesterday’s close.
Silver is expected to find support at 19.94, and a fall through could take it to the next support level of 19.76. Silver is expected to find its first resistance at 20.31, and a rise through could take it to the next resistance level of 20.49.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
