Silver Movement
Silver prices rose 2.57% to USD 15.94 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 15.98, with the silver trading 0.28% higher from yesterday’s close.
The pair is expected to find support at 15.57, and a fall through could take it to the next support level of 15.15. The pair is expected to find its first resistance at 16.26, and a rise through could take it to the next resistance level of 16.53.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
