Silver: Silver Extends Its Gains In The Asian Trading Hours

London (Mar 12)  Silver prices rose 0.21% to USD 20.90 per ounce during the 24 hours ending 23:00GMT, taking cues from gold as well as mirroring broad gains in the prices of industrial metals.

In the Asian session, at GMT0400, Silver is trading at 21.13, 1.09% higher from yesterday’s close.

Silver is expected to find support at 20.76, and a fall through could take it to the next support level of 20.39. Silver is expected to find its first resistance at 21.41, and a rise through could take it to the next resistance level of 21.68.

The white metal is trading above its 20 Hr and 50 Hr moving averages.

Source:  OilNGold