For the 24 hours to 23:00 GMT, Silver rose 1.45% against the USD and closed at USD16.08 per ounce, tracking gains in gold prices.
In the Asian session, at GMT0400, the pair is trading at 16.04, with silver trading 0.25% lower against the USD from yesterday’s close.
The pair is expected to find support at 15.89, and a fall through could take it to the next support level of 15.75. The pair is expected to find its first resistance at 16.15, and a rise through could take it to the next resistance level of 16.27.
The white metal is trading above its 20 Hr and 50 Hr moving averages.