Silver Movement
On Friday, Silver prices rose 1.39% to USD 16.05 per ounce during the period ending 21:00GMT, tracking gains in gold prices.
In the Asian session, at GMT0400, the pair is trading at 16.115, with silver trading 0.44% higher from Friday’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 15.76. The pair is expected to find its first resistance at 16.30, and a rise through could take it to the next resistance level of 16.49.
The white metal is showing convergence with its 20 Hr moving average and is trading above its 50 Hr moving average.
