Silver Movement
For the 24 hours to 23:00 GMT, Silver declined 0.09% against the USD and closed at USD17.02 per ounce, surrendering its previous session gains.
In the Asian session, at GMT0400, the pair is trading at 17.05, with Silver trading 0.15% higher against the USD from yesterday’s close.
The pair is expected to find support at 16.91, and a fall through could take it to the next support level of 16.77. The pair is expected to find its first resistance at 17.14, and a rise through could take it to the next resistance level of 17.24.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
