Silver: White metal tumbled in yesterday’s session, trading higher this morning

Silver

Silver Movement

Silver prices fell 1.42% to the USD22.68 per ounce during the 24 hours ending 23:00GMT, tracking losses in the yellow metal.

In the Asian session, at GMT0300, Silver is trading at 22.85, 0.75% higher from yesterday’s close.

Silver is expected to find support at 22.42, and a fall through could take it to the next support level of 22.00. Silver is expected to find its first resistance at 23.32, and a rise through could take it to the next resistance level of 23.80.

The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.

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