Silver: White Metal Extends Its Losing Streak
New York (Nov 21) Silver prices declined 2.33% to USD19.91 per ounce during the 24 hours ending 23:00GMT, hurt by a stronger US Dollar.
In the Asian session, at GMT0400, Silver is trading at 19.86, 0.28% lower from yesterday’s close.
Silver is expected to find support at 19.60, and a fall through could take it to the next support level of 19.35. Silver is expected to find its first resistance at 20.31, and a rise through could take it to the next resistance level of 20.77.
The white metal is trading below its 20 Hr and 50 Hr moving averages.