Silver Movement
Silver prices rose 1.80% to USD 16.94 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 16.92, with the silver trading 0.09% lower from yesterday’s close.
The pair is expected to find support at 16.58, and a fall through could take it to the next support level of 16.25. The pair is expected to find its first resistance at 17.16, and a rise through could take it to the next resistance level of 17.40.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
