Silver Movement
Silver prices rose 0.36% to USD 16.84 per ounce during the 24 hours ending 23:00GMT, tracking gains in gold prices.
In the Asian session, at GMT0400, the pair is trading at 16.955, with the silver trading 0.68% higher from yesterday’s close.
The pair is expected to find support at 16.69, and a fall through could take it to the next support level of 16.43. The pair is expected to find its first resistance at 17.12, and a rise through could take it to the next resistance level of 17.30.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
