Silver Movement
Silver prices declined 2.12% to USD 17.07 per ounce during the 24 hours ending 23:00GMT, tracking weakness in gold prices.
In the Asian session, at GMT0300, the pair is trading at 17.03, with the silver trading 0.23% lower from yesterday’s close.
The pair is expected to find support at 16.85, and a fall through could take it to the next support level of 16.68. The pair is expected to find its first resistance at 17.33, and a rise through could take it to the next resistance level of 17.63.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
