Silver Movement
For the 24 hours to 23:00 GMT, the Silver declined 0.24% against the USD and closed at 16.94.
In the Asian session, at GMT0300, the pair is trading at 16.90, with the silver trading 0.24% lower from yesterday’s close.
The pair is expected to find support at 16.79, and a fall through could take it to the next support level of 16.68. The pair is expected to find its first resistance at 17.03, and a rise through could take it to the next resistance level of 17.15.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
