Silver Movement
For the 24 hours to 23:00 GMT, Silver declined 0.33% against the USD and closed at USD16.69.
In the Asian session, at GMT0400, the pair is trading at 16.90, with the silver trading 1.26% higher from yesterday’s close.
The pair is expected to find support at 16.69, and a fall through could take it to the next support level of 16.48. The pair is expected to find its first resistance at 17.02, and a rise through could take it to the next resistance level of 17.16.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
