Silver Movement
Silver prices rose 4.62% to USD 16.97 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 17.175, with the silver trading 1.21% higher from yesterday’s close.
The pair is expected to find support at 16.51, and a fall through could take it to the next support level of 15.84. The pair is expected to find its first resistance at 17.53, and a rise through could take it to the next resistance level of 17.88.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
