For the 24 hours to 23:00 GMT, Silver rose 0.15% against the USD and closed at USD16.43 per ounce, tracking gains in gold prices.
In the Asian session, at GMT0400, the pair is trading at 16.39, with silver trading 0.27% lower against the USD from yesterday’s close.
The pair is expected to find support at 16.32, and a fall through could take it to the next support level of 16.26. The pair is expected to find its first resistance at 16.48, and a rise through could take it to the next resistance level of 16.58.
The white metal is trading below its 20 Hr and 50 Hr moving averages.