Silver Movement
For the 24 hours to 23:00 GMT, Silver rose 0.56% against the USD and closed at USD17.03 per ounce, tracking gains in gold prices.
In the Asian session, at GMT0400, the pair is trading at 17.02, with silver trading 0.06% lower against the USD from yesterday’s close.
The pair is expected to find support at 16.90, and a fall through could take it to the next support level of 16.78. The pair is expected to find its first resistance at 17.10, and a rise through could take it to the next resistance level of 17.19.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
