Silver: Trading below its MA’s

Silver

Silver Movement

Silver prices declined 1.13% to USD 27.84 per ounce during the 24 hours ending 23:00GMT.

In the Asian session, at GMT0300, Silver is trading at 27.88, 0.13% higher from yesterday’s close.

Silver is expected to find support at 27.68, and a fall through could take it to the next support level of 27.49. Silver is expected to find its first resistance at 28.14, and a rise through could take it to the next resistance level of 28.40

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

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