Sun, Jan 17, 2021 @ 03:09 GMT
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Silver: White Metal Extends Its Losses In The Asian Session

For the 24 hours to 23:00 GMT, Silver declined 12.72% against the USD and closed at USD25.49 per ounce, tracking losses in gold prices.

In the Asian session, at GMT0300, the pair is trading at 24.03, with silver trading 5.75% lower against the USD from yesterday’s close.

The pair is expected to find support at 22.00, and a fall through could take it to the next support level of 19.97. The pair is expected to find its first resistance at 27.64, and a rise through could take it to the next resistance level of 31.26.

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

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