Silver Movement
Silver prices rose 1.35% to USD 16.57 per ounce during the 24 hours ending 23:00GMT, tracking gains in gold prices.
In the Asian session, at GMT0400, the pair is trading at 16.625, with the silver trading 0.36% higher from yesterday’s close.
The pair is expected to find support at 16.49, and a fall through could take it to the next support level of 16.36. The pair is expected to find its first resistance at 16.72, and a rise through could take it to the next resistance level of 16.81.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
