Silver Movement
On Friday, Silver prices rose 2.67% to USD 17.29 per ounce during the period ending 21:00GMT, tracking gains in gold prices.
In the Asian session, at GMT0400, the pair is trading at 17.315, with the silver trading 0.14% higher from Friday’s close.
The pair is expected to find support at 16.95, and a fall through could take it to the next support level of 16.59. The pair is expected to find its first resistance at 17.55, and a rise through could take it to the next resistance level of 17.78.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
