Silver Movement
On Friday, Silver prices declined 1.46% to USD 16.84 per ounce during the period ending 21:00GMT, tracking losses in gold prices.
In the Asian session, at GMT0300, the pair is trading at 16.79, with the silver trading 0.3% lower from Friday’s close.
The pair is expected to find support at 16.5683, and a fall through could take it to the next support level of 16.3467. The pair is expected to find its first resistance at 17.0833, and a rise through could take it to the next resistance level of 17.3767.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
