For the 24 hours to 23:00 GMT, Silver declined 4.55% against the USD and closed at USD18.76 per ounce, tracking losses in gold prices.
In the Asian session, at GMT0300, the pair is trading at 18.66, with silver trading 0.53% lower against the USD from yesterday’s close.
The pair is expected to find support at 18.29, and a fall through could take it to the next support level of 17.92. The pair is expected to find its first resistance at 19.31, and a rise through could take it to the next resistance level of 19.97.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
