Silver Movement
For the 24 hours to 23:00 GMT, Silver declined 0.12% against the USD and closed at USD16.06 per ounce.
In the Asian session, at GMT0400, the pair is trading at 15.98, with silver trading 0.50% lower against the USD from yesterday’s close.
The pair is expected to find support at 15.90 and a fall through could take it to the next support level of 15.82. The pair is expected to find its first resistance at 16.13, 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.
