Silver Movement
For the 24 hours to 23:00 GMT, Silver rose 0.33% against the USD and closed at USD16.80 per ounce on Friday.
In the Asian session, at GMT0300, the pair is trading at 16.92, with silver trading 0.71% higher against the USD from Friday’s close.
The pair is expected to find support at 16.73, and a fall through could take it to the next support level of 16.53. The pair is expected to find its first resistance at 17.03, and a rise through could take it to the next resistance level of 17.15.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
