Silver Movement
On Friday, Silver prices rose 1.59% to USD 17.26 per ounce during the period ending 21:00GMT, tracking gains in gold prices.
In the Asian session, at GMT0400, the pair is trading at 17.17, with the silver trading 0.52% lower from Friday’s close.
The pair is expected to find support at 16.88, and a fall through could take it to the next support level of 16.59. The pair is expected to find its first resistance at 17.38, and a rise through could take it to the next resistance level of 17.60.
The white metal is trading above its 20 Hr moving average and showing convergence with its 50 Hr moving average.
