Silver Movement
On Friday, Silver prices declined 2.27% to USD 16.12 per ounce during the period ending 21:00GMT, tracking heavy losses in gold prices.
In the Asian session, at GMT0400, the pair is trading at 15.95, with the silver trading 1.02% lower from Friday’s close.
The pair is expected to find support at 15.59, and a fall through could take it to the next support level of 15.23. The pair is expected to find its first resistance at 16.35, and a rise through could take it to the next resistance level of 16.75.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
