Silver Movement
Silver prices rose 4.52% to USD 17.12 per ounce during the 24 hours ending 23:00GMT, tracking heavy gains in gold prices.
In the Asian session, at GMT0400, the pair is trading at 17.09, with the silver trading 0.15% lower from yesterday’s close.
The pair is expected to find support at 16.51, and a fall through could take it to the next support level of 15.93. The pair is expected to find its first resistance at 17.45, and a rise through could take it to the next resistance level of 17.81.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
