Silver Movement
Silver prices rose 0.06% to USD 16.95 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 16.98, with the silver trading 0.18% higher from yesterday’s close.
The pair is expected to find support at 16.83, and a fall through could take it to the next support level of 16.68. The pair is expected to find its first resistance at 17.13, and a rise through could take it to the next resistance level of 17.28.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
