For the 24 hours to 23:00 GMT, Silver rose 0.61% against the USD and closed at USD16.52 per ounce, reversing its previous session losses.
In the Asian session, at GMT0400, the pair is trading at 16.55, with silver trading 0.18% higher against the USD from yesterday’s close.
The pair is expected to find support at 16.39, and a fall through could take it to the next support level of 16.24. The pair is expected to find its first resistance at 16.64, and a rise through could take it to the next resistance level of 16.74.
The white metal is trading above its 20 Hr and 50 Hr moving averages.