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Silver: White Metal Extends Its Losses In The Asian Session Print E-mail
Analysis | Commodity Market Commentaries | Written by GCI Financial | Thu Sep 21 17 01:25 ET

For the 24 hours to 23:00 GMT, Silver declined 1.04% against the USD and closed at USD17.17 per ounce, tracking losses in gold prices.

In the Asian session, at GMT0300, the pair is trading at 17.14, with the silver trading 0.2% lower against the USD from yesterday’s close.

The pair is expected to find support at 16.95, and a fall through could take it to the next support level of 16.76. The pair is expected to find its first resistance at 17.38, and a rise through could take it to the next resistance level of 17.63.

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

GCI Financial

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