Silver Movement
Silver prices rose 0.25% to USD 15.91 per ounce during the 24 hours ending 23:00GMT, tracking gains in gold prices.
In the Asian session, at GMT0400, the pair is trading at 15.885, with the silver trading 0.13% lower from yesterday’s close.
The pair is expected to find support at 15.79, and a fall through could take it to the next support level of 15.70. The pair is expected to find its first resistance at 15.96, and a rise through could take it to the next resistance level of 16.04.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
