Silver Movement
Silver prices declined 1.35% to USD 15.77 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 15.78, with the silver trading 0.06% higher from yesterday’s close.
The pair is expected to find support at 15.59, and a fall through could take it to the next support level of 15.41. The pair is expected to find its first resistance at 16.01, and a rise through could take it to the next resistance level of 16.25.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
