Silver prices declined 2.81% to USD 31.31 per ounce during the 24 hours ending 23:00GMT.
In the Asian session, at GMT0400, Silver is trading at 31.08, 0.73% lower from yesterday’s close.
Silver is expected to find support at 30.72, and a fall through could take it to the next support level of 30.36. Silver is expected to find its first resistance at 31.63, and a rise through could take it to the next resistance level of 32.18.
The white metal is trading below its 20 Hr and 50 Hr moving averages.