Silver Movement
On Friday, Silver prices declined 0.97% to USD 16.31 per ounce during the period ending 21:00GMT, tracking losses in gold prices.
In the Asian session, at GMT0400, the pair is trading at 16.21, with the silver trading 0.58% lower from Friday’s close.
The pair is expected to find support at 16.06, and a fall through could take it to the next support level of 15.91. The pair is expected to find its first resistance at 16.45, and a rise through could take it to the next resistance level of 16.70s.
The white metal is trading below 20 Hr and 50 Hr moving averages.
