Silver Movement
For the 24 hours to 23:00 GMT, the Silver declined 0.61% against the USD and closed at USD17.08, following losses in gold prices.
In the Asian session, at GMT0300, the pair is trading at 16.99, with the Silver trading 0.53% lower against the USD from yesterday’s close.
The pair is expected to find support at 16.8717, and a fall through could take it to the next support level of 16.7533. The pair is expected to find its first resistance at 17.2067, and a rise through could take it to the next resistance level of 17.4233.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
