Silver Movement
For the 24 hours to 23:00 GMT, Silver declined 1.79% against the USD and closed at USD18.14 per ounce, tracking losses in gold prices.
In the Asian session, at GMT0400, the pair is trading at 18.12, with silver trading 0.11% lower against the USD from yesterday’s close.
The pair is expected to find support at 17.89, and a fall through could take it to the next support level of 17.66. The pair is expected to find its first resistance at 18.50, and a rise through could take it to the next resistance level of 18.89.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
