Silver Movement
For the 24 hours to 23:00 GMT, Silver declined 0.23% against the USD and closed at USD17.18 per ounce, reversing its previous session gains.
In the Asian session, at GMT0400, the pair is trading at 17.21, with silver trading 0.2% higher against the USD from yesterday’s close.
The pair is expected to find support at 17.16, and a fall through could take it to the next support level of 17.11. The pair is expected to find its first resistance at 17.25, and a rise through could take it to the next resistance level of 17.29.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
