Silver: White metal steady following previous session losses

Silver

Silver Movement

On Friday, Silver prices declined 0.87% to the USD32.28 per ounce during the 24 hours ending 24:00GMT.

In the Asian session, at GMT0400, Silver is trading at 32.29, marginally higher from Friday’s close.

Silver is expected to find support at 32.08, and a fall through could take it to the next support level of 31.88. Silver is expected to find its first resistance at 32.59, and a rise through could take it to the next resistance level of 32.90.

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

This entry was posted in Silver. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>