Silver Movement
Silver prices declined 2.98% to USD 16.94 per ounce during the 24 hours ending 23:00GMT, tracking losses in gold prices.
In the Asian session, at GMT0300, the pair is trading at 16.93, with the silver trading a tad lower from yesterday’s close.
The pair is expected to find support at 16.6617, and a fall through could take it to the next support level of 16.3933. The pair is expected to find its first resistance at 17.3867, and a rise through could take it to the next resistance level of 17.8433.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
