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5 Feb 2015
Silver declines 0.64%
FXStreet (Mumbai) - Silver prices fell, breaking away from the gains seen in Gold prices, after having failed to sustain gains above the 10-DMA.
Silver stuck between 5-DMA and 10-DMA
Prices are stuck in between the 5-DMA and the 10-DMA located at 17.2510 and 17.4395 levels. The metal has been failing to sustain gains above the 5-DMA since past two sessions. The losses were extended today 17.23, before rising back above the hourly 100-SMA located at 17.24 levels.
Moreover, the metal failed to strengthen despite a 0.24% decline in the US dollar index. Meanwhile, Gold prices are up 0.19% to trade at USD 1266.90/Oz levels.
Silver Technical Levels
The metal currently trades 0.70% lower at USD 17.273/Oz levels. The immediate resistance is located at 17.4395 (10-DMA), above which gains could be extended to 17.5212 (hourly 200-SMA). Meanwhile, support is seen at 17.14 and 17.05 levels.
Silver stuck between 5-DMA and 10-DMA
Prices are stuck in between the 5-DMA and the 10-DMA located at 17.2510 and 17.4395 levels. The metal has been failing to sustain gains above the 5-DMA since past two sessions. The losses were extended today 17.23, before rising back above the hourly 100-SMA located at 17.24 levels.
Moreover, the metal failed to strengthen despite a 0.24% decline in the US dollar index. Meanwhile, Gold prices are up 0.19% to trade at USD 1266.90/Oz levels.
Silver Technical Levels
The metal currently trades 0.70% lower at USD 17.273/Oz levels. The immediate resistance is located at 17.4395 (10-DMA), above which gains could be extended to 17.5212 (hourly 200-SMA). Meanwhile, support is seen at 17.14 and 17.05 levels.