For the 24 hours to 23:00 GMT, Silver rose 0.70% against the USD and closed at USD17.24 per ounce.

In the Asian session, at GMT0300, the pair is trading at 17.21, with silver trading 0.17% lower against the USD from yesterday’s close.

The pair is expected to find support at 17.07, and a fall through could take it to the next support level of 16.93. The pair is expected to find its first resistance at 17.33, and a rise through could take it to the next resistance level of 17.45.

- advertisement -

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

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.