Analysis | Commodity Market Commentaries |
Written by GCI Financial |
Fri Apr 21 17 01:52 ET
For the 24 hours to 23:00 GMT, Silver declined 0.74% against the USD and closed at USD18.00 per ounce, extending its previous session losses.
In the Asian session, at GMT0300, the pair is trading at 17.97, with the silver trading 0.19% lower against the USD from yesterday’s close.
The pair is expected to find support at 17.80, and a fall through could take it to the next support level of 17.64. The pair is expected to find its first resistance at 18.18, and a rise through could take it to the next resistance level of 18.39.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
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