Silver Movement
For the 24 hours to 23:00 GMT, Silver declined 0.27% against the USD and closed at USD16.79 per ounce.
In the Asian session, at GMT0400, the pair is trading at 16.86, with the silver trading 0.45% higher from yesterday’s close.
The pair is expected to find support at 16.65, and a fall through could take it to the next support level of 16.43. The pair is expected to find its first resistance at 16.99, and a rise through could take it to the next resistance level of 17.12.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
