Silver: White metal trading on a weaker footing in the Asian session

Silver

Silver Movement

Silver prices rose 1.30% to USD 17.50 per ounce during the 24 hours ending 23:00GMT, tracking gains in gold prices.

In the Asian session, at GMT0300, the pair is trading at 17.34, with the silver trading 0.91% lower from Friday’s close.

The pair is expected to find support at 17.22, and a fall through could take it to the next support level of 17.11. The pair is expected to find its first resistance at 17.49, and a rise through could take it to the next resistance level of 17.64.

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

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