Silver Movement
For the 24 hours to 23:00 GMT, Silver declined 1.54% against the USD and closed at USD16.62 per ounce on Friday.
In the Asian session, at GMT0400, the pair is trading at 16.68, with silver trading 0.36% higher against the USD from Friday’s close.
The pair is expected to find support at 16.53, and a fall through could take it to the next support level of 16.38. The pair is expected to find its first resistance at 16.8683, and a rise through could take it to the next resistance level of 17.06.
The white metal is trading below its 20 Hr and 50 Hr moving average.
