Silver Movement
Silver prices declined 1.65% to USD 17.27 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 17.34, with the silver trading 0.41% higher from yesterday’s close.
The pair is expected to find support at 17.05, and a fall through could take it to the next support level of 16.75. The pair is expected to find its first resistance at 17.76, and a rise through could take it to the next resistance level of 18.17.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
