Silver Movement
For the 24 hours to 23:00 GMT, Silver slightly rose against the USD and closed at USD16.99 per ounce on Friday.
In the Asian session, at GMT0400, the pair is trading at 17.07, with the white metal trading 0.47% higher from Friday’s close.
The pair is expected to find support at 16.92, and a fall through could take it to the next support level of 16.76. The pair is expected to find its first resistance at 17.17, and a rise through could take it to the next resistance level of 17.26.
The white metal is trading above its 20 Hr moving average and showing convergence with its 50 Hr moving average.
