Silver Movement
For the 24 hours to 23:00 GMT, Silver rose 2.06% against the USD and closed at USD16.07 per ounce, tracking gains in gold prices.
In the Asian session, at GMT0400, the pair is trading at 16.13, with silver trading 0.34% higher against the USD from yesterday’s close.
The pair is expected to find support at 15.81, and a fall through could take it to the next support level of 15.50. The pair is expected to find its first resistance at 16.31, and a rise through could take it to the next resistance level of 16.49.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
