Silver Movement
For the 24 hours to 23:00 GMT, Silver declined 0.09% against the USD and closed at USD16.35 per ounce on Friday.
In the Asian session, at GMT0300, the pair is trading at 16.44, with the silver trading 0.55% higher from Friday’s close.
The pair is expected to find support at 16.27, and a fall through could take it to the next support level of 16.10. The pair is expected to find its first resistance at 16.57, and a rise through could take it to the next resistance level of 16.70.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
