Oil N' Gold - Resources for Serious Traders
Energy and Precious Metals Commentaries
Silver: White Metal Trading On A Weaker Footing This Morning Print E-mail
Analysis | Commodity Market Commentaries | Written by GCI Financial | Wed Nov 22 17 03:29 ET

For the 24 hours to 23:00 GMT, Silver rose 0.86% against the USD and closed at USD17.05 per ounce, tracking gains in gold prices.

In the Asian session, at GMT0400, the pair is trading at 17.04, with silver trading 0.06% lower against the USD from yesterday’s close.

The pair is expected to find support at 16.95, and a fall through could take it to the next support level of 16.85. The pair is expected to find its first resistance at 17.14, and a rise through could take it to the next resistance level of 17.23.

The white metal is showing convergence with 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.

 

Latest Analysis from this Author