Silver Movement
For the 24 hours to 23:00 GMT, Silver plunged 5.0% against the USD and closed at USD16.04 per ounce.
In the Asian session, at GMT0400, the pair is trading at 16.10, with the white metal trading 0.37% higher from yesterday’s close.
The pair is expected to find support at 15.68, and a fall through could take it to the next support level of 15.27. The pair is expected to find its first resistance at 16.76, and a rise through could take it to the next resistance level of 17.42.
The white metal is showing convergence with its 20 Hr moving average and trading below its 50 Hr moving average.
