Silver Movement
Silver prices declined 0.61% to USD 16.37 per ounce during the 24 hours ending 23:00GMT, tracking losses in gold prices.
In the Asian session, at GMT0400, the pair is trading at 16.415, with the silver trading 0.27% higher from yesterday’s close.
The pair is expected to find support at 16.23, 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 16.68, and a rise through could take it to the next resistance level of 16.95.
The white metal is trading below with its 20 Hr and 50 Hr moving averages.
