Contributors Fundamental Analysis Silver: White Metal Trading On A Weaker Footing This Morning

Silver: White Metal Trading On A Weaker Footing This Morning

For the 24 hours to 23:00 GMT, Silver rose 1.71% against the USD and closed at USD17.29 per ounce, tracking gains in gold prices.

In the Asian session, at GMT0400, the pair is trading at 17.27, with silver trading 0.12% lower against the USD from yesterday’s close.

The pair is expected to find support at 17.08, and a fall through could take it to the next support level of 16.89. The pair is expected to find its first resistance at 17.38, and a rise through could take it to the next resistance level of 17.49.

The white metal is trading above its 20 Hr and 50 Hr moving averages.

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