Silver Movement
For the 24 hours to 23:00 GMT, Silver rose 0.12% against the USD and closed at USD16.69 on Friday.
In the Asian session, at GMT0400, the pair is trading at 16.715, with the silver trading 0.15% higher from Friday’s close.
The pair is expected to find support at 16.54, and a fall through could take it to the next support level of 16.37. The pair is expected to find its first resistance at 16.86, and a rise through could take it to the next resistance level of 17.01.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
