Silver Movement
Silver prices rose 0.49% to USD 21.95 per ounce during the 24 hours ending 23:00GMT, as the latest batch of sluggish economic data from the US spurred demand for havens.
In the Asian session, at GMT0400, Silver is trading at 21.87, 0.39% lower from yesterday’s close.
Silver is expected to find support at 21.56, and a fall through could take it to the next support level of 21.25. Silver is expected to find its first resistance at 22.18, and a rise through could take it to the next resistance level of 22.49.
The white metal is trading below its 20 Hr moving average and is showing convergence with its 50 Hr moving average.
