Silver Movement
Silver prices declined 2.37% to USD 17.94 per ounce during the 24 hours ending 23:00GMT, tracking losses in gold prices.
In the Asian session, at GMT0400, the pair is trading at 17.87, with the silver trading 0.36% lower from yesterday’s close.
The pair is expected to find support at 17.39, and a fall through could take it to the next support level of 16.91. The pair is expected to find its first resistance at 18.35, and a rise through could take it to the next resistance level of 18.84.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
