For the 24 hours to 23:00 GMT, Silver declined 0.31% against the USD and closed at USD17.95 per ounce, tracking losses in gold prices.
In the Asian session, at GMT0400, the pair is trading at 18.01, with silver trading 0.36% higher against the USD from yesterday’s close.
The pair is expected to find support at 17.97, and a fall through could take it to the next support level of 17.81. The pair is expected to find its first resistance at 18.08, and a rise through could take it to the next resistance level of 18.15.
The white metal is trading above its 20 Hr and 50 Hr moving averages.