Silver Movement
Silver prices rose 0.09% to USD 17.05 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 17.125, with the silver trading 0.47% higher from yesterday’s close.
The pair is expected to find support at 16.93, and a fall through could take it to the next support level of 16.73. The pair is expected to find its first resistance at 17.26, and a rise through could take it to the next resistance level of 17.39.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
