Silver Movement
For the 24 hours to 23:00 GMT, the Silver rose 0.49% against the USD and closed at USD16.46 per ounce, tracking gains in gold prices.
In the Asian session, at GMT0400, the pair is trading at 16.45, with silver trading 0.06% lower against the USD from yesterday’s close.
The pair is expected to find support at 16.22, and a fall through could take it to the next support level of 15.99. The pair is expected to find its first resistance at 16.62, and a rise through could take it to the next resistance level of 16.80.
The white metal is trading above its 20 Hr and 50 Hr moving average.
