Silver Movement
For the 24 hours to 23:00 GMT, Silver declined 5.98% against the USD and closed at USD17.77, tracking losses in gold prices.
In the Asian session, at GMT0300, the pair is trading at 17.98, with the silver trading 1.18% higher from yesterday’s close.
The pair is expected to find support at 17.51, and a fall through could take it to the next support level of 17.03. The pair is expected to find its first resistance at 18.70, and a rise through could take it to the next resistance level of 19.41.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
