Silver Movement
For the 24 hours to 23:00 GMT, Silver declined 1.8% against the and closed at 16.67, tracking losses in gold prices.
In the Asian session, at GMT0400, the pair is trading at 16.61, with the silver trading 0.39% lower from yesterday’s close.
The pair is expected to find support at 16.39, and a fall through could take it to the next support level of 16.18. The pair is expected to find its first resistance at 16.95, and a rise through could take it to the next resistance level of 17.29.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
