Silver: White metal extend its losses in the morning session

Silver

Silver Movement

For the 24 hours to 23:00 GMT, Silver declined 0.55% against the USD and closed at USD24.50 per ounce.

In the Asian session, at GMT0300, the pair is trading at 24.45, with silver trading 0.18% lower against the USD from yesterday’s close.

The pair is expected to find support at 24.21, and a fall through could take it to the next support level of 23.97. The pair is expected to find its first resistance at 24.64, and a rise through could take it to the next resistance level of 24.83.

The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.

This entry was posted in Silver. Bookmark the permalink.

Comments are closed.