Silver Movement
For the 24 hours to 23:00 GMT, Silver declined 0.12% against the USD and closed at USD16.07 per ounce on Friday.
In the Asian session, at GMT0300, the pair is trading at 16.15, with silver trading 0.47% higher against the USD from Friday’s close.
The pair is expected to find support at 16.02, and a fall through could take it to the next support level of 15.90. The pair is expected to find its first resistance at 16.23, and a rise through could take it to the next resistance level of 16.32.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
