Silver Movement
For the 24 hours to 23:00 GMT, Silver rose 0.35% against the USD and closed at USD17.11 per ounce on Friday.
In the Asian session, at GMT0400, the pair is trading at 17.005, with silver trading 0.58% lower against the USD from Friday’s close, tracking losses in the yellow metal.
The pair is expected to find support at 16.92, and a fall through could take it to the next support level of 16.83. The pair is expected to find its first resistance at 17.11, and a rise through could take it to the next resistance level of 17.21.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
