Silver: White metal continues its downward slide

 

Silver

Silver Movement

Silver prices declined 0.88% to the USD32.84 per ounce during the 24 hours ending 23:00GMT.

In the Asian session, at GMT0300, Silver is trading at 32.73, 0.33% lower from yesterday’s close.

Silver is expected to find support at 32.51, and a fall through could take it to the next support level of 32.29. Silver is expected to find its first resistance at 33.10, and a rise through could take it to the next resistance level of 33.47.

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

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