Silver Movement
For the 24 hours to 23:00 GMT, Silver declined 0.96% against the USD and closed at USD17.55, following losses in gold prices.
In the Asian session, at GMT0300, the pair is trading at 17.44, with the silver trading 0.63% lower from yesterday’s close.
The pair is expected to find support at 17.31, and a fall through could take it to the next support level of 17.19. The pair is expected to find its first resistance at 17.66, and a rise through could take it to the next resistance level of 17.87.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
