Silver prices declined 2.68% to USD38.17 per ounce during the 24 hours ending 23:00GMT.
In the Asian session at 3:00GMT, silver is trading at USD38.42 per ounce, 0.65% higher, from 23:00GMT.
The first level of short term resistance on the upside is at 39.64, followed by 40.87. The pair is expected to find support at 37.07, with the subsequent support level at 35.73.
The white metal is trading between its 20 Hr and 50 Hr moving averages.