Oil N' Gold - Resources for Serious Traders
Energy and Precious Metals Commentaries
Silver: White Metal Trading Marginally Lower In The Morning Session Print E-mail
Analysis | Commodity Market Commentaries | Written by GCI Financial | Mon Nov 13 17 02:19 ET

For the 24 hours to 23:00 GMT, Silver declined 0.53% against the USD and closed at USD16.90 per ounce on Friday, tracking losses in gold prices.

In the Asian session, at GMT0400, the pair is trading at 16.90, with the silver trading slightly lower against the USD from Friday’s close.

The pair is expected to find support at 16.76, and a fall through could take it to the next support level of 16.62. The pair is expected to find its first resistance at 17.07, and a rise through could take it to the next resistance level of 17.24.

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

GCI Financial

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.

 

Latest Analysis from this Author