Silver Movement
For the 24 hours to 23:00 GMT, Silver rose 0.79% against the USD and closed at USD17.25 per ounce on Friday.
In the Asian session, at GMT0400, the pair is trading at 17.30, with silver trading 0.26% higher against the USD from Friday’s close.
The pair is expected to find support at 17.14, and a fall through could take it to the next support level of 16.99. 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 17.47.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
