Silver Movement
For the 24 hours to 23:00 GMT, Silver rose 0.39% against the USD and closed at USD16.74 per ounce, surrendering its previous session losses.
In the Asian session, at GMT0400, the pair is trading at 16.61, with silver trading 0.81% lower against the USD from yesterday’s close.
The pair is expected to find support at 16.55, and a fall through could take it to the next support level of 16.49. The pair is expected to find its first resistance at 16.71, and a rise through could take it to the next resistance level of 16.82.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
