For the 24 hours to 23:00 GMT, Silver declined 1.17% against the USD and closed at USD17.68 per ounce, tracking losses in gold prices.

In the Asian session, at GMT0400, the pair is trading at 17.71, with silver trading 0.17% higher against the USD from yesterday’s close.

The pair is expected to find support at 17.56, and a fall through could take it to the next support level of 17.42. The pair is expected to find its first resistance at 17.87, and a rise through could take it to the next resistance level of 18.04.

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The white metal is showing convergence with its 20 Hr moving average and trading below its 50 Hr moving average.

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