Silver: White metal trading on a stronger footing this morning

Silver: White metal trading on a stronger footing this morning

FOREX SIGNALS

Silver Movement

For the 24 hours to 23:00 GMT, Silver rose 2.41% against the USD and closed at USD17.86 per ounce, tracking gains in gold prices.

In the Asian session, at GMT0300, the pair is trading at 18.06, with silver trading 1.12% higher against the USD from yesterday’s close.

The pair is expected to find support at 17.57, and a fall through could take it to the next support level of 17.07. The pair is expected to find its first resistance at 18.35, and a rise through could take it to the next resistance level of 18.64.

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

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