Silver: Continues to trade lower

Silver

Silver Movement

Silver prices declined 2.49% to USD 34.29 per ounce, on Friday, during the 24 hours ending 23:00GMT.

In the Asian session at 3:00GMT, silver is trading at USD 34.06 per ounce, 0.67% lower, from 23:00GMT.

The first level of short term resistance on the upside is at 34.92, followed by 35.78. The pair is expected to find support at 33.57, with the subsequent support level at 33.07.

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

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