Silver Movement
For the 24 hours to 23:00 GMT, Silver rose 0.22% against the USD and closed at USD15.97 per ounce, tracking gains in gold prices.
In the Asian session, at GMT0400, the pair is trading at 15.95, with silver trading 0.16% lower against the USD from yesterday’s close.
The pair is expected to find support at 15.85, and a fall through could take it to the next support level of 15.76. The pair is expected to find its first resistance at 16.03, and a rise through could take it to the next resistance level of 16.12.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
