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.
