For the 24 hours to 23:00 GMT, Silver marginally rose against the USD and closed at USD16.63 per ounce.
In the Asian session, at GMT0300, the pair is trading at 16.64, with the silver trading 0.09% higher against the USD from yesterday’s close.
The pair is expected to find support at 16.56, and a fall through could take it to the next support level of 16.49. The pair is expected to find its first resistance at 16.74, and a rise through could take it to the next resistance level of 16.85.
The white metal is trading below its 20 Hr and 50 Hr moving averages.