Silver Movement
For the 24 hours to 23:00 GMT, Silver rose 0.95% against the and closed at 17.07, tracking gains in gold prices.
In the Asian session, at GMT0400, the pair is trading at 17.19, with the silver trading 0.67% higher from yesterday’s close.
The pair is expected to find support at 16.93, and a fall through could take it to the next support level of 16.67. The pair is expected to find its first resistance at 17.34, and a rise through could take it to the next resistance level of 17.50.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
