Silver Movement
For the 24 hours to 23:00 GMT, Silver declined 0.09% against the USD and closed at USD17.11 per ounce on Friday.
In the Asian session, at GMT0300, the pair is trading at 17.08, with the silver trading 0.2% lower against the USD from Friday’s close.
The pair is expected to find support at 16.92, and a fall through could take it to the next support level of 16.76. The pair is expected to find its first resistance at 17.20, and a rise through could take it to the next resistance level of 17.33.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
