Silver Movement
For the 24 hours to 23:00 GMT, Silver declined 1.08% against the USD and closed at USD16.95 per ounce.
In the Asian session, at GMT0300, the pair is trading at 16.89, with the silver trading 0.32% lower against the USD from yesterday’s close.
The pair is expected to find support at 16.78, and a fall through could take it to the next support level of 16.67. The pair is expected to find its first resistance at 17.08, and a rise through could take it to the next resistance level of 17.27.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
