For the 24 hours to 23:00 GMT, Silver declined 3.37% against the USD and closed at USD18.05 per ounce, tracking losses in gold prices.
In the Asian session, at GMT0400, the pair is trading at 18.10, with silver trading 0.25% higher against the USD from yesterday’s close.
The pair is expected to find support at 17.77, and a fall through could take it to the next support level of 17.44. The pair is expected to find its first resistance at 18.56, and a rise through could take it to the next resistance level of 19.02.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
