Silver Movement
For the 24 hours to 23:00 GMT, Silver rose 0.7% against the USD and closed at USD16.44 per ounce on Friday.
In the Asian session, at GMT0300, the pair is trading at 16.50, with the silver trading 0.33% higher from Friday’s close.
The pair is expected to find support at 16.38, and a fall through could take it to the next support level of 16.26. The pair is expected to find its first resistance at 16.56, and a rise through could take it to the next resistance level of 16.63.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
