Silver Movement
Silver prices traded flat against the USD at 16.55 per ounce during the 24 hours ending 23:00GMT.
In the Asian session, at GMT0300, the pair is trading at 16.53, with the silver trading 0.09% lower from Friday’s close.
The pair is expected to find support at 16.42, and a fall through could take it to the next support level of 16.31. The pair is expected to find its first resistance at 16.66, and a rise through could take it to the next resistance level of 16.79.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
