Silver Movement
For the 24 hours to 23:00 GMT, Silver declined 3.67% against the USD and closed at USD18.00 per ounce, tracking losses in gold prices.
In the Asian session, at GMT0300, the pair is trading at 18.06, with silver trading 0.31% higher against the USD from yesterday’s close.
The pair is expected to find support at 17.72, and a fall through could take it to the next support level of 17.38. The pair is expected to find its first resistance at 18.55, and a rise through could take it to the next resistance level of 19.05.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
