Silver: White metal continues to decline this morning

 

Silver

Silver Movement

Silver prices declined 0.16% to the USD33.35 per ounce during the 24 hours ending 23:00GMT.

In the Asian session, at GMT0400, Silver is trading at 33.32, marginally lower from yesterday’s close.

Silver is expected to find support at 33.23, and a fall through could take it to the next support level of 33.15. Silver is expected to find its first resistance at 33.43, and a rise through could take it to the next resistance level of 33.55.

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

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