Silver Movement
On Friday, Silver prices declined 0.37% to USD 16.04 per ounce during the period ending 21:00GMT, tracking losses in gold prices.
In the Asian session, at GMT0300, the pair is trading at 16.07, with the silver trading 0.22% higher from Friday’s close.
The pair is expected to find support at 15.94, and a fall through could take it to the next support level of 15.81. The pair is expected to find its first resistance at 16.18, and a rise through could take it to the next resistance level of 16.28.
The white metal is trading between its 20 Hr and 50 Hr moving averages.
