Silver: White metal moving lower in the Asian session

 

Silver

Silver Movement

Silver prices declined 1.55% to the USD28.56 per ounce during the 24 hours ending 23:00GMT.

In the Asian session, at GMT0400, Silver is trading at 28.54, 0.10% lower from yesterday’s close.

Silver is expected to find support at 28.24, and a fall through could take it to the next support level of 27.94. Silver is expected to find its first resistance at 29.00, and a rise through could take it to the next resistance level of 29.47.

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

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