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Silver: White Metal Extends Its Gains In The Morning Session Print E-mail
Analysis | Commodity Market Commentaries | Written by GCI Financial | Mon Jul 17 17 01:01 ET

For the 24 hours to 23:00 GMT, Silver rose 1.85% against the USD and closed at USD15.95 per ounce on Friday, tracking gains in gold prices.

In the Asian session, at GMT0300, the pair is trading at 16.00, with the silver trading 0.34% higher against the USD from Friday’s close.

The pair is expected to find support at 15.70, and a fall through could take it to the next support level of 15.40. The pair is expected to find its first resistance at 16.19, and a rise through could take it to the next resistance level of 16.37.

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

GCI Financial

DISCLAIMER : GCI's Daily Market Commentary is provided for informational purposes only. The information contained in these reports is gathered from reputable news sources and is not intended to be used as investment advice. GCI assumes no responsibility or liability from gains or losses incurred by the information herein contained.

 

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