Silver Movement
Silver prices rose 0.72% to USD17.46 per ounce during the 24 hours ending 23:00GMT, tracking gains in gold prices.
In the Asian session, at GMT0300, the pair is trading at 17.36, with the silver trading 0.57% lower from yesterday’s close.
The pair is expected to find support at 17.18, and a fall through could take it to the next support level of 17.00. The pair is expected to find its first resistance at 17.50, and a rise through could take it to the next resistance level of 17.65.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
