Silver Movement
Silver prices jumped 4.19% to USD 16.41 per ounce during the 24 hours ending 23:00GMT, tracking heavy gains in gold prices.
In the Asian session, at GMT0300, the pair is trading at 16.38, with the silver trading 0.18% lower from yesterday’s close.
The pair is expected to find support at 15.93, and a fall through could take it to the next support level of 15.49. The pair is expected to find its first resistance at 16.65, and a rise through could take it to the next resistance level of 16.93.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
