Silver: White metal reverses its gains in the Asian session

Silver

Silver Movement

Silver prices traded a tad higher against the USD at 16.73 per ounce during the 24 hours ending 23:00GMT.

In the Asian session, at GMT0300, the pair is trading at 16.70, with the silver trading 0.18% lower from yesterday’s close.

The pair is expected to find support at 16.47, and a fall through could take it to the next support level of 16.24. The pair is expected to find its first resistance at 17.05, and a rise through could take it to the next resistance level of 17.4.

The white metal is trading below its 20 Hr and 50 Hr moving averages.

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