Silver: Silver continues its downward trend this morning

 

Silver

Silver Movement

On Friday, Silver prices declined 1.21% to the USD34.58 per ounce during the 24 hours ending 23:00GMT.

In the Asian session, at GMT0300, Silver is trading at 34.01, 1.64% lower from Friday’s close.

Silver is expected to find support at 33.45, and a fall through could take it to the next support level of 32.89. Silver is expected to find its first resistance at 34.83, and a rise through could take it to the next resistance level of 35.64.

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

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