Silver Movement
For the 24 hours to 23:00 GMT, Silver declined 0.78% against the USD and closed at USD17.08 per ounce, tracking losses in the precious yellow metal.
In the Asian session, at GMT0400, the pair is trading at 17.01, with the white metal trading 0.38% lower from yesterday’s close.
The pair is expected to find support at 16.87, and a fall through could take it to the next support level of 16.73. The pair is expected to find its first resistance at 17.21, and a rise through could take it to the next resistance level of 17.40.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
