Silver Movement
Silver prices rose 7.21% to USD 16.50 per ounce during the 24 hours ending 23:00GMT, tracking heavy gains in gold prices.
In the Asian session, at GMT0400, the pair is trading at 16.31, with the silver trading 1.12% lower from yesterday’s close.
The pair is expected to find support at 15.17, and a fall through could take it to the next support level of 14.03. 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 17.95.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
