Silver Movement
On Friday, Silver prices rose 1.92% to USD 16.47 per ounce during the period ending 21:00GMT, tracking gains in gold prices.
In the Asian session, at GMT0300, the pair is trading at 16.39, with the silver trading 0.43% lower from Friday’s close.
The pair is expected to find support at 16.16, and a fall through could take it to the next support level of 15.93. The pair is expected to find its first resistance at 16.63, and a rise through could take it to the next resistance level of 16.87.
The white metal is trading between its 20 Hr and 50 Hr moving averages.
