Silver Movement
For the 24 hours to 23:00 GMT, Silver marginally rose against the USD and closed at USD16.79 per ounce.
In the Asian session, at GMT0400, the pair is trading at 16.71, with the silver trading 0.48% lower from yesterday’s close.
The pair is expected to find support at 16.59, and a fall through could take it to the next support level of 16.47. The pair is expected to find its first resistance at 16.93, and a rise through could take it to the next resistance level of 17.14.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
