Silver Movement
For the 24 hours to 23:00 GMT, Silver rose 0.86% against the USD and closed at USD17.07 per ounce, tracking gains in gold prices.
In the Asian session, at GMT0300, the pair is trading at 17.28, with silver trading 1.20% higher against the USD 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 16.59. The pair is expected to find its first resistance at 17.48, and a rise through could take it to the next resistance level of 17.69.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
