Silver: White metal trading on a stronger footing this morning

Silver

Silver Movement

Silver prices rose 1.33% to USD 17.16 per ounce during the 24 hours ending 23:00GMT, tracking gains in gold.

In the Asian session, at GMT0300, the pair is trading at 17.28, with the silver trading 0.7% higher from yesterday’s close.

The pair is expected to find support at 16.96, and a fall through could take it to the next support level of 16.64. The pair is expected to find its first resistance at 17.52, and a rise through could take it to the next resistance level of 17.76.

The white metal is trading above its 20 Hr and 50 Hr moving averages.

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