Silver Movement
For the 24 hours to 23:00 GMT, Silver rose 0.12% against the USD and closed at USD16.80 per ounce.
In the Asian session, at GMT0400, the pair is trading at 16.89, with the white metal trading 0.54% higher from yesterday’s close.
The pair is expected to find support at 16.64, and a fall through could take it to the next support level of 16.39. The pair is expected to find its first resistance at 17.05, and a rise through could take it to the next resistance level of 17.21.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
