Analysis | Commodity Market Commentaries |
Written by GCI Financial |
Mon Mar 20 17 01:45 ET
For the 24 hours to 23:00 GMT, Silver rose 0.4% against the USD and closed at USD17.39 per ounce on Friday.
In the Asian session, at GMT0400, the pair is trading at 17.45, with the silver trading 0.37% higher against the USD from Friday’s close.
The pair is expected to find support at 17.32, and a fall through could take it to the next support level of 17.19. The pair is expected to find its first resistance at 17.53, and a rise through could take it to the next resistance level of 17.60.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
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