Silver Movement
Silver prices declined 0.32% to USD 17.39 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 17.37, with the silver trading 0.12% lower from yesterday’s close.
The pair is expected to find support at 17.21, and a fall through could take it to the next support level of 17.05. The pair is expected to find its first resistance at 17.61, and a rise through could take it to the next resistance level of 17.85.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
