Silver Movement
For the 24 hours to 23:00 GMT, Silver declined 0.3% against the USD and closed at USD16.58 per ounce, tracking losses in gold prices.
In the Asian session, at GMT0400, the pair is trading at 16.73, with silver trading 0.9% higher against the USD from Friday’s close.
The pair is expected to find support at 16.57, and a fall through could take it to the next support level of 16.415. The pair is expected to find its first resistance at 16.82, and a rise through could take it to the next resistance level of 16.92.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
