Silver Movement
Silver prices declined 2.17% to USD 15.59 per ounce during the 24 hours ending 23:00GMT, tracking losses in gold prices.
In the Asian session, at GMT0400, the pair is trading at 15.59, with the silver trading flat from yesterday’s close.
The pair is expected to find support at 15.42, and a fall through could take it to the next support level of 15.25. The pair is expected to find its first resistance at 15.88, and a rise through could take it to the next resistance level of 16.17.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
