Silver Movement
For the 24 hours to 23:00 GMT, Silver declined 0.56% against the USD and closed at USD16.98.
In the Asian session, at GMT0400, the pair is trading at 16.96, with the silver trading 0.09% lower from yesterday’s close.
The pair is expected to find support at 16.81, and a fall through could take it to the next support level of 16.65. The pair is expected to find its first resistance at 17.17, and a rise through could take it to the next resistance level of 17.37.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
