Silver Movement
Silver prices declined 0.09% to USD 16.35 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 16.64, with the silver trading 1.8% higher from yesterday’s close.
The pair is expected to find support at 16.23, and a fall through could take it to the next support level of 15.82. The pair is expected to find its first resistance at 16.89, and a rise through could take it to the next resistance level of 17.15.
The white metal is trading above its 20 Hr and 50 Hr moving average.
