Silver Movement
Silver prices declined 1.83% to USD 17.19 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 17.20, with the silver trading 0.09% higher from yesterday’s close.
The pair is expected to find support at 17.04, and a fall through could take it to the next support level of 16.89. The pair is expected to find its first resistance at 17.42, and a rise through could take it to the next resistance level of 17.65.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
