Silver Movement
For the 24 hours to 23:00 GMT, Silver rose 0.97% against the USD and closed at USD17.77, tracking gains in gold prices.
In the Asian session, at GMT0300, the pair is trading at 17.85, with the silver trading 0.48% higher from yesterday’s close.
The pair is expected to find support at 17.68, and a fall through could take it to the next support level of 17.51. The pair is expected to find its first resistance at 17.95, and a rise through could take it to the next resistance level of 18.04.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
