Silver Movement
For the 24 hours to 23:00 GMT, Silver declined 0.56% against the USD and closed at USD15.94 per ounce, tracking losses in gold prices.
In the Asian session, at GMT0400, the pair is trading at 15.97, with silver trading 0.19% higher against the USD from yesterday’s close.
The pair is expected to find support at 15.89, and a fall through could take it to the next support level of 15.82. The pair is expected to find its first resistance at 16.05, and a rise through could take it to the next resistance level of 16.13.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
