Silver: White metal extends its losses in the Asian session

Silver

Silver Movement

Silver prices declined 2.59% to USD 15.06 per ounce during the 24 hours ending 23:00GMT, tracking losses in gold prices.

In the Asian session, at GMT0300, the pair is trading at 15.035, with the silver trading 0.13% lower from Friday’s close.

The pair is expected to find support at 14.72, and a fall through could take it to the next support level of 14.41. The pair is expected to find its first resistance at 15.42, and a rise through could take it to the next resistance level of 15.80.

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

This entry was posted in Silver. Bookmark the permalink.

Comments are closed.