Silver Movement
For the 24 hours to 23:00 GMT, Silver rose 0.61% against the USD and closed at USD16.39 per ounce, reversing its previous session losses.
In the Asian session, at GMT0300, the pair is trading at 16.43, with silver trading 0.24% higher against the USD from yesterday’s close.
The pair is expected to find support at 16.26, and a fall through could take it to the next support level of 16.10. The pair is expected to find its first resistance at 16.51, and a rise through could take it to the next resistance level of 16.60.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
