Sat, Jan 23, 2021 @ 23:19 GMT
Home Contributors Fundamental Analysis Silver: White Metal Reverses Its Gains In The Morning Session

Silver: White Metal Reverses Its Gains In The Morning Session

For the 24 hours to 23:00 GMT, Silver rose 4.08% against the USD and closed at USD29.21 per ounce.

In the Asian session, at GMT0400, the pair is trading at 29.045, with silver trading 0.55% lower against the USD from yesterday’s close.

The pair is expected to find support at 28.18, and a fall through could take it to the next support level of 27.31. The pair is expected to find its first resistance at 29.72, and a rise through could take it to the next resistance level of 30.40.

The white metal is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.

GCI Financialhttp://www.gcitrading.com/
DISCLAIMER : GCI's Daily Market Commentary is provided for informational purposes only. The information contained in these reports is gathered from reputable news sources and is not intended to be used as investment advice. GCI assumes no responsibility or liability from gains or losses incurred by the information herein contained.

Featured Analysis

Learn Forex Trading