Silver: White metal extends its gains in the morning session

Silver

Silver Movement

Silver prices rose 0.14% to USD 17.30 per ounce during the 24 hours ending 23:00GMT.

In the Asian session, at GMT0300, the pair is trading at 17.335, with the silver trading 0.23% higher from yesterday’s close.

The pair is expected to find support at 17.20, and a fall through could take it to the next support level of 17.07. The pair is expected to find its first resistance at 17.44, and a rise through could take it to the next resistance level of 17.54.

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

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