Silver Movement
Silver prices rose 0.18% to USD 16.60 per ounce during the 24 hours ending 23:00GMT, tracking gains in gold prices.
In the Asian session, at GMT0400, the pair is trading at 16.59, with the silver trading marginally lower from yesterday’s close.
The pair is expected to find support at 16.44, and a fall through could take it to the next support level of 16.29. The pair is expected to find its first resistance at 16.82, and a rise through could take it to the next resistance level of 17.05.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
