Silver Movement
Silver prices rose 0.22% to USD 16.15 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 16.085, with the silver trading 0.4% lower from yesterday’s close.
The pair is expected to find support at 15.97, 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 16.30, and a rise through could take it to the next resistance level of 16.51.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
