Analysis | Commodity Market Commentaries |
Written by GCI Financial |
Thu Feb 16 17 02:40 ET
For the 24 hours to 23:00 GMT, Silver rose 0.14% against the USD and closed at USD17.98 per ounce, tracking gains in gold prices.
In the Asian session, at GMT0400, the pair is trading at 18.01, with the silver trading 0.19% higher from yesterday’s close.
The pair is expected to find support at 17.83, and a fall through could take it to the next support level of 17.65. The pair is expected to find its first resistance at 18.12, and a rise through could take it to the next resistance level of 18.23.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
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