Silver Movement
For the 24 hours to 23:00 GMT, Silver rose 0.40% against the USD and closed at USD16.38 per ounce.
In the Asian session, at GMT0300, the pair is trading at 16.24, with silver trading 0.82% lower against the USD from yesterday’s close.
The pair is expected to find support at 16.15, and a fall through could take it to the next support level of 16.05. The pair is expected to find its first resistance at 16.40, and a rise through could take it to the next resistance level of 16.55.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
