Silver Movement
For the 24 hours to 23:00 GMT, Silver declined 0.90% against the USD and closed at USD15.92 per ounce on Friday.
In the Asian session, at GMT0400, the pair is trading at 15.845, with silver trading 0.44% lower against the USD from Friday’s close.
The pair is expected to find support at 15.77, and a fall through could take it to the next support level of 15.69. The pair is expected to find its first resistance at 16.00, and a rise through could take it to the next resistance level of 16.16.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
