Silver Movement
Silver prices declined 2.78% to the USD27.29 per ounce during the 24 hours ending 23:00GMT, as weak manufacturing data from several European economies stoked demand fears for the industrial metal.
In the Asian session, at GMT0300, Silver is trading at 27.10, 0.71% lower from yesterday’s close.
Silver is expected to find support at 26.71, and a fall through could take it to the next support level of 26.32. Silver is expected to find its first resistance at 27.82, and a rise through could take it to the next resistance level of 28.54.
The white metal is trading way below its 20 Hr and 50 Hr moving averages.
