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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

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