Silver Movement
For the 24 hours to 23:00 GMT, Silver declined 0.2% against the USD and closed at USD17.32 per ounce.
In the Asian session, at GMT0300, the pair is trading at 17.33, with the silver trading 0.06% higher from yesterday’s close.
The pair is expected to find support at 17.23, and a fall through could take it to the next support level of 17.13. The pair is expected to find its first resistance at 17.425, and a rise through could take it to the next resistance level of 17.52.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
