Silver Plunges More than 3% Yesterday on Firm Dollar

Silver Plunges More than 3% Yesterday on Firm Dollar

Silver prices declined 3.03% to the USD30.12 per ounce during the 24 hours ending 23:00GMT, as the greenback strengthened.

In the Asian session, at GMT0400, Silver is trading at 29.72, 1.31% lower from yesterday's close.

Silver is expected to find support at 29.03, and a fall through could take it to the next support level of 28.34. Silver is expected to find its first resistance at 30.77, and a rise through could take it to the next resistance level of 31.82.