Silver Movement
Silver prices declined 1.02% to USD 16.48 per ounce during the 24 hours ending 23:00GMT, tracking losses in gold prices.
In the Asian session, at GMT0400, the pair is trading at 16.27, with the silver trading 1.21% lower from yesterday’s close.
The pair is expected to find support at 16.15, and a fall through could take it to the next support level of 16.03. The pair is expected to find its first resistance at 16.51, and a rise through could take it to the next resistance level of 16.74.
The white metal is trading below its 20 Hr and 50 Hr moving averagess.
