Silver Movement
Silver prices rose 0.65% to USD 16.36 per ounce during the 24 hours ending 23:00GMT.
In the Asian session, at GMT0400, the pair is trading at 16.365, with the silver trading marginally higher from yesterday’s close.
The pair is expected to find support at 16.10, and a fall through could take it to the next support level of 15.85. The pair is expected to find its first resistance at 16.62, and a rise through could take it to the next resistance level of 16.89.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
