Silver: Silver continues its bearish trend

Silver Movement

Silver prices declined 2.92% to USD 28.64 per ounce during the 24 hours ending 23:00GMT.

In the Asian session, at GMT0300, Silver is trading at 28.27, 1.31% lower from yesterday’s close.

Silver is expected to find support at 27.66, and a fall through could take it to the next support level of 27.05. Silver is expected to find its first resistance at 29.29, and a rise through could take it to the next resistance level of 30.32.

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