Silver Movement
Silver prices declined 1.26% to USD 16.87 per ounce during the 24 hours ending 23:00GMT.
In the Asian session, at GMT0400, the pair is trading at 16.81, with the silver trading 0.33% lower from yesterday’s close.
The pair is expected to find support at 16.55, and a fall through could take it to the next support level of 16.29. The pair is expected to find its first resistance at 17.08, and a rise through could take it to the next resistance level of 17.35.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
