Silver Movement
Silver prices rose 3.91% to USD 17.16 per ounce during the 24 hours ending 23:00GMT, tracking heavy gains in gold prices.
In the Asian session, at GMT0300, the pair is trading at 17.08, with the silver trading 0.47% lower from yesterday’s close.
The pair is expected to find support at 16.64, and a fall through could take it to the next support level of 16.21. The pair is expected to find its first resistance at 17.37, and a rise through could take it to the next resistance level of 17.67.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
