Silver Movement
For the 24 hours to 23:00 GMT, Silver declined 2.29% against the USD and closed at USD17.08 per ounce, tracking losses in gold prices.
In the Asian session, at GMT0300, the pair is trading at 17.00, with silver trading 0.47% lower against the USD from yesterday’s close.
The pair is expected to find support at 16.81, and a fall through could take it to the next support level of 16.61. The pair is expected to find its first resistance at 17.35, and a rise through could take it to the next resistance level of 17.70.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
