Silver Movement
For the 24 hours to 23:00 GMT, Silver declined 1.53% against the USD and closed at USD17.42 per ounce, tracking losses in gold prices.
In the Asian session, at GMT0300, the pair is trading at 17.46, with silver trading 0.23% higher against the USD from yesterday’s close.
The pair is expected to find support at 17.30, and a fall through could take it to the next support level of 17.14. The pair is expected to find its first resistance at 17.68, and a rise through could take it to the next resistance level of 17.91.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
