For the 24 hours to 23:00 GMT, Silver traded flat against the USD and closed at USD16.63 per ounce.
In the Asian session, at GMT0300, the pair is trading at 16.60, with the silver trading 0.15% lower against the USD from yesterday’s close.
The pair is expected to find support at 16.53, and a fall through could take it to the next support level of 16.45. The pair is expected to find its first resistance at 16.71, and a rise through could take it to the next resistance level of 16.82.
The white metal is trading below its 20 Hr and 50 Hr moving averages.