Silver Movement
For the 24 hours to 23:00 GMT, Silver declined 1.63% against the USD and closed at USD16.85 per ounce on Friday, tracking losses in safe-haven yellow metal.
In the Asian session, at GMT0400, the pair is trading at USD16.86 per ounce, with Silver trading 0.06% higher from Friday’s close.
The pair is expected to find support at 16.68, and a fall through could take it to the next support level of 16.51. The pair is expected to find its first resistance at 17.11, and a rise through could take it to the next resistance level of 17.36.
The white metal is trading below with its 20 Hr and 50 Hr moving averages.
