Silver Movement
Silver prices declined 0.43% to USD 16.03 per ounce during the 24 hours ending 23:00GMT, tracking losses in gold prices.
In the Asian session, at GMT0300, the pair is trading at 15.86, with the silver trading 1.0% lower from Friday’s close.
The pair is expected to find support at 15.76, and a fall through could take it to the next support level of 15.65. The pair is expected to find its first resistance at 16.07, and a rise through could take it to the next resistance level of 16.28.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
