Silver Movement
Silver prices rose 1.66% to USD 17.44 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 17.35, with the silver trading 0.52% lower from yesterday’s close.
The pair is expected to find support at 17.17, 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 17.57, and a rise through could take it to the next resistance level of 17.80.
The white metal is trading between its 20 Hr and 50 Hr moving averages.
