Silver Movement
On Friday, Silver prices rose 4.32% to USD 16.31 per ounce during the period ending 21:00GMT, tracking heavy gains in gold prices.
In the Asian session, at GMT0400, the pair is trading at 16.23, with the silver trading 0.43% lower from Friday’s close.
The pair is expected to find support at 15.50, and a fall through could take it to the next support level of 14.77. The pair is expected to find its first resistance at 16.71, and a rise through could take it to the next resistance level of 17.18.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
