Silver Movement
For the 24 hours to 23:00 GMT, the Silver rose 1.81% against the USD and closed at USD17.19, tracking gains in gold prices.
In the Asian session, at GMT0300, the pair is trading at 17.15, with the Silver trading 0.2% lower from yesterday’s close.
The pair is expected to find support at 16.9233, and a fall through could take it to the next support level of 16.6967. The pair is expected to find its first resistance at 17.2933, and a rise through could take it to the next resistance level of 17.4367.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
