For the 24 hours to 23:00 GMT, Silver rose 2.89% against the USD and closed at USD17.11 per ounce, tracking gains in gold prices.
In the Asian session, at GMT0300, the pair is trading at 17.12, with the silver trading a tad higher against the USD from yesterday’s close.
The pair is expected to find support at 16.76, and a fall through could take it to the next support level of 16.41. The pair is expected to find its first resistance at 17.32, and a rise through could take it to the next resistance level of 17.53.
The white metal is trading above its 20 Hr and 50 Hr moving averages.