Silver: Silver slips more than 5%, continues to trade lower

Silver

Silver Movement

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.

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