Silver Movement
Silver prices rose 1.67% to USD 16.16 per ounce during the 24 hours ending 23:00GMT, tracking gains in gold prices.
In the Asian session, at GMT0300, the pair is trading at 16.13, with the sliver trading 0.19% lower from yesterday’s close.
The pair is expected to find support at 15.88, and a fall through could take it to the next support level of 15.63. The pair is expected to find its first resistance at 16.29, and a rise through could take it to the next resistance level of 16.44.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
