Silver: White metal extends its losses this morning

Silver

Silver Movement

Silver prices declined 1.53% to USD 18.69 per ounce during the 24 hours ending 23:00GMT.

In the Asian session, at GMT0300, the pair is trading at 18.525, with the silver trading 0.86% lower from yesterday’s close.

The pair is expected to find support at 18.33, and a fall through could take it to the next support level of 18.135. The pair is expected to find its first resistance at 18.845, and a rise through could take it to the next resistance level of 19.165.

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

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