Silver Movement
For the 24 hours to 23:00 GMT, Silver rose 1.24% against the USD and closed at USD17.51 per ounce, tracking gains in gold prices.
In the Asian session, at GMT0400, the pair is trading at 17.61, with silver trading 0.60% higher against the USD from yesterday’s close, extending gains from the previous session.
The pair is expected to find support at 17.39, and a fall through could take it to the next support level of 17.16. The pair is expected to find its first resistance at 17.74, and a rise through could take it to the next resistance level of 17.87.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
