Silver Movement
For the 24 hours to 23:00 GMT, Silver rose 0.12% against the USD and closed at USD16.46 per ounce.
In the Asian session, at GMT0300, the pair is trading at 16.47, with the silver trading a tad higher against the USD from yesterday’s close.
The pair is expected to find support at 16.39, 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 16.56, and a rise through could take it to the next resistance level of 16.65.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
