Silver Movement
For the 24 hours to 23:00 GMT, Silver rose 0.79% against the USD and closed at USD16.62 per ounce.
In the Asian session, at GMT0300, the pair is trading at 16.71, with the silver trading 0.51% higher from yesterday’s close.
The pair is expected to find support at 16.52, and a fall through could take it to the next support level of 16.33. The pair is expected to find its first resistance at 16.85, and a rise through could take it to the next resistance level of 17.00.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
