Technical Talk: Silver hovers around 20-DMA after testing two-week low

COMEX Silver futures crashed in last session, sliding around 6% and adding to a near 5% tumble on Monday. With this slide, the counter tested around two-week low near $78 per ounce in intraday moves before ending just above 20-day simple moving average (SMA). The SMA20 is currently placed at 82.70 mark and COMEX Silver is quoting at $82.40 per ounce, up 1.60% on the day. Relative Strength Index or RSI appears neutral at 50 mark.

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