HomeContributorsFundamental AnalysisGold: Yellow Metal Extends Its Losses In The Morning Session

Gold: Yellow Metal Extends Its Losses In The Morning Session

For the 24 hours to 23:00 GMT, Silver declined 1.70% against the USD and closed at USD14.71 per ounce, tracking losses in gold prices.

In the Asian session, at GMT0300, the pair is trading at 14.66, with silver trading 0.34% lower against the USD from yesterday’s close.

The pair is expected to find support at 14.54, and a fall through could take it to the next support level of 14.41. The pair is expected to find its first resistance at 14.87, and a rise through could take it to the next resistance level of 15.08.

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

GCI Financial
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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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