Silver: Following the broad trend in gold

Silver

Silver Movement

Silver prices declined 2.56% to USD41.95 per ounce during the 24 hours ending 23:00GMT.

In the Asian session at 3:00GMT, silver is trading at USD41.97 per ounce, 0.05% higher, from 23:00GMT.

The first level of short term resistance on the upside is at 42.99, followed by 44.00. The pair is expected to find support at 41.23, with the subsequent support level at 40.48.

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

This entry was posted in Silver. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>