Silver prices declined 5.49% to USD 31.75 per ounce during the 24 hours ending 23:00GMT.
In the Asian session, at GMT0400, Silver is trading at 31.50, 0.78% lower from yesterday’s close.
Silver is expected to find support at 30.32, and a fall through could take it to the next support level of 29.13. Silver is expected to find its first resistance at 33.34, and a rise through could take it to the next resistance level of 35.17.
The white metal is trading below its 20 Hr and 50 Hr moving averages.