Silver Movement
On Friday, Silver prices declined 0.82% to USD 15.71 per ounce during the period ending 21:00GMT, tracking losses in gold prices.
In the Asian session, at GMT0400, the pair is trading at 15.95, with the silver trading 1.59% higher from Friday’s close.
The pair is expected to find support at 15.62, and a fall through could take it to the next support level of 15.29. The pair is expected to find its first resistance at 16.17, and a rise through could take it to the next resistance level of 16.39.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
