Silver Movement
For the 24 hours to 23:00 GMT, Silver declined 1.71% against the USD and closed at USD16.99 per ounce.
In the Asian session, at GMT0400, the pair is trading at 16.92, with the silver trading 0.41% lower from yesterday’s close.
The pair is expected to find support at 16.76, and a fall through could take it to the next support level of 16.61. The pair is expected to find its first resistance at 17.19, and a rise through could take it to the next resistance level of 17.46.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
