Silver Movement
Silver prices declined 0.39% to USD 16.40 per ounce during the 24 hours ending 23:00GMT, tracking losses in gold prices.
In the Asian session, at GMT0300, the pair is trading at 16.47, with the silver trading 0.43% higher from yesterday’s close.
The pair is expected to find support at 16.31, and a fall through could take it to the next support level of 16.16. The pair is expected to find its first resistance at 16.56, and a rise through could take it to the next resistance level of 16.65.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
