White Metal falls In The Asian Session

Singapore (Mar 19)  Silver prices declined 1.71% to the USD 20.85 per ounce during the 24 hours ending 23:00GMT, mirroring losses in the prices of gold.

In the Asian session, at GMT0400, Silver is trading at 20.88, 0.17% higher from yesterday’s close.

Silver is expected to find support at 20.63, and a fall through could take it to the next support level of 20.37. Silver is expected to find its first resistance at 21.14, and a rise through could take it to the next resistance level of 21.39.

The white metal is showing convergence with its 20 Hr moving average and is trading below its 50 Hr moving average.

Source:  OilNGold