Silver Movement
Silver prices declined 1.71% to USD 15.83 per ounce during the 24 hours ending 23:00GMT, tracking losses in gold prices.
In the Asian session at 4:00GMT, silver is trading at USD 15.83 per ounce, marginally higher, from 23:00GMT.
The pair is expected to find support at 15.62, and a fall through could take it to the next support level of 15.40. The pair is expected to find its first resistance at 16.15, and a rise through could take it to the next resistance level of 16.47.
The yellow metal is showing convergence with its 20 Hr moving average and is trading below its 50 Hr moving average.
