Silver: White metal extends its gains in the mo0rning session

Silver

Silver Movement

For the 24 hours to 23:00 GMT, Silver rose 0.12% against the USD and closed at USD16.69 on Friday.

In the Asian session, at GMT0400, the pair is trading at 16.715, with the silver trading 0.15% higher from Friday’s close.

The pair is expected to find support at 16.54, and a fall through could take it to the next support level of 16.37. The pair is expected to find its first resistance at 16.86, and a rise through could take it to the next resistance level of 17.01.

The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.

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