Silver Movement
For the 24 hours to 23:00 GMT, Silver declined 2.15% against the USD and closed at USD17.55 per ounce, tracking losses in gold prices.
In the Asian session, at GMT0300, the pair is trading at 17.61, with silver trading 0.34% higher against the USD from yesterday’s close, reversing its previous session losses.
The pair is expected to find support at 17.40, and a fall through could take it to the next support level of 17.18. The pair is expected to find its first resistance at 17.86, and a rise through could take it to the next resistance level of 18.11.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
