For the 24 hours to 23:00 GMT, Silver rose 1.57% against the USD and closed at USD17.12 per ounce, tracking gains in gold prices.

In the Asian session, at GMT0300, the pair is trading at 17.07, with silver trading 0.32% lower against the USD from yesterday’s close.

The pair is expected to find support at 16.89, and a fall through could take it to the next support level of 16.71. The pair is expected to find its first resistance at 17.21, and a rise through could take it to the next resistance level of 17.35.

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The white metal is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.

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