Silver Movement
Silver prices declined 1.17% to USD 16.41 per ounce during the 24 hours ending 23:00GMT.
In the Asian session, at GMT0400, the pair is trading at 16.525, with the silver trading 0.7% higher from yesterday’s close.
The pair is expected to find support at 16.13, and a fall through could take it to the next support level of 15.74. The pair is expected to find its first resistance at 16.84, and a rise through could take it to the next resistance level of 17.16.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
