Silver Movement
For the 24 hours to 23:00 GMT, the Silver declined 0.19% against the USD and closed at 15.77, tracking losses in gold prices.
In the Asian session, at GMT0400, the pair is trading at 15.42, with the silver trading 2.19% lower from Friday’s close.
The pair is expected to find support at 15.23, and a fall through could take it to the next support level of 15.04. The pair is expected to find its first resistance at 15.73, and a rise through could take it to the next resistance level of 16.04.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
