Silver Movement
For the 24 hours to 23:00 GMT, Silver rose 0.68% against the USD and closed at USD17.00 per ounce, tracking gains in gold prices
In the Asian session, at GMT0400, the pair is trading at 17.01, with silver trading a tad higher against the USD from yesterday’s close.
The pair is expected to find support at 16.79, and a fall through could take it to the next support level of 16.57. The pair is expected to find its first resistance at 17.14, and a rise through could take it to the next resistance level of 17.27.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
