Silver Movement
For the 24 hours to 23:00 GMT, Silver rose 2.53% against the USD and closed at USD17.21 per ounce.
In the Asian session, at GMT0400, the pair is trading at 17.26, with the white metal trading 0.26% higher from yesterday’s close.
The pair is expected to find support at 16.87, and a fall through could take it to the next support level of 16.49. The pair is expected to find its first resistance at 17.47, and a rise through could take it to the next resistance level of 17.68.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
