Silver: White metal extends its losses this morning

Silver

Silver Movement

On Friday, Silver prices declined 3.62% to USD 17.86 per ounce during the period ending 21:00GMT, tracking losses in gold prices.

In the Asian session, at GMT0300, the pair is trading at 17.495, with the silver trading 2.02% lower from Friday’s close.

The pair is expected to find support at 17.015, and a fall through could take it to the next support level of 16.535. The pair is expected to find its first resistance at 18.285, and a rise through could take it to the next resistance level of 19.075.

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

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