Silver Movement
Silver prices rose 0.34% to USD 16.34 per ounce during the 24 hours ending 23:00GMT, extending its previous session gains.
In the Asian session, at GMT0300, the pair is trading at 16.17, with the silver trading 1.07% lower from yesterday’s close.
The pair is expected to find support at 16.01, and a fall through could take it to the next support level of 15.85. The pair is expected to find its first resistance at 16.45, and a rise through could take it to the next resistance level of 16.74.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
