Silver; White metal extends its losses in the Asian session

Silver; White metal extends its losses in the Asian session

Silver

Silver Movement

For the 24 hours to 23:00 GMT, Silver declined 0.59% against the USD and closed at USD17.83 per ounce.

In the Asian session, at GMT0400, the pair is trading at 17.55, with silver trading 1.57% lower against the USD from yesterday’s close.

The pair is expected to find support at 17.31, and a fall through could take it to the next support level of 17.08. The pair is expected to find its first resistance at 17.97, and a rise through could take it to the next resistance level of 18.40.

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

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  Daily Market Outlook, March 27, 2020

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