Silver Movement
On Friday, Silver prices rose 0.19% to USD 21.51 per ounce during the period ending 21:00GMT.
A leading bank reduced its outlook on silver prices for 2014 to $20.16 per ounce from $20.74. It kept its 2015 outlook flat at $21.25 an ounce.
In the Asian session, at GMT0300, Silver is trading at 21.44, 0.33% lower from Friday’s close.
Silver is expected to find support at 21.38, and a fall through could take it to the next support level of 21.33. Silver is expected to find its first resistance at 21.53, and a rise through could take it to the next resistance level of 21.62.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
