Silver: White metal trading lower this morning

Silver

Silver Movement

For the 24 hours to 23:00 GMT, the Silver declined 0.19% against the USD and closed at 15.77, tracking losses in gold prices.

In the Asian session, at GMT0400, the pair is trading at 15.42, with the silver trading 2.19% lower from Friday’s close.

The pair is expected to find support at 15.23, and a fall through could take it to the next support level of 15.04. The pair is expected to find its first resistance at 15.73, and a rise through could take it to the next resistance level of 16.04.

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

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