Silver prices declined 2.97% to USD 31.63 per ounce during the 24 hours ending 23:00GMT.
In the Asian session, at GMT0400, Silver is trading at 31.55, 0.25% lower from yesterday’s close.
Silver is expected to find support at 30.88, and a fall through could take it to the next support level of 30.22. Silver is expected to find its first resistance at 32.73, and a rise through could take it to the next resistance level of 33.91.
The white metal is trading below its 20 Hr and 50 Hr moving averages.