Silver Movement
For the 24 hours to 23:00 GMT, Silver rose 0.4% against the USD and closed at USD16.14 per ounce on Friday.
In the Asian session, at GMT0400, the pair is trading at 16.19, with the silver trading 0.31% higher from Friday’s close.
The pair is expected to find support at 16.00, and a fall through could take it to the next support level of 15.81. The pair is expected to find its first resistance at 16.36, and a rise through could take it to the next resistance level of 16.52.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
