Silver Movement
Silver prices rose 2.11% to USD 17.63 per ounce during the 24 hours ending 23:00GMT, tracking gains in gold prices.
In the Asian session, at GMT0300, the pair is trading at 17.875, with the silver trading 1.39% higher from yesterday’s close.
The pair is expected to find support at 17.40, and a fall through could take it to the next support level of 16.92. The pair is expected to find its first resistance at 18.14, and a rise through could take it to the next resistance level of 18.41.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
