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Silver: White Metal Trading Slightly Higher This Morning Print E-mail
Analysis | Commodity Market Commentaries | Written by GCI Financial | Thu Dec 07 17 02:31 ET

For the 24 hours to 23:00 GMT, Silver declined 0.81% against the USD and closed at USD15.99 per ounce, tracking losses in gold prices.

In the Asian session, at GMT0400, the pair is trading at 16.00, with silver trading marginally higher against the USD from yesterday’s close.

The pair is expected to find support at 15.90, and a fall through could take it to the next support level of 15.80. The pair is expected to find its first resistance at 16.13, and a rise through could take it to the next resistance level of 16.27.

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.

 

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