Silver Movement
Silver prices declined 1.94% to USD 16.45 per ounce during the 24 hours ending 23:00GMT, tracking losses in gold prices.
In the Asian session, at GMT0300, the pair is trading at 16.46, with the silver trading 0.09% higher from yesterday’s close.
The pair is expected to find support at 16.30, and a fall through could take it to the next support level of 16.13. The pair is expected to find its first resistance at 16.70, and a rise through could take it to the next resistance level of 16.94.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
