Silver Movement
For the 24 hours to 23:00 GMT, Silver declined 0.61% against the USD and closed at USD16.21 per ounce on Friday.
In the Asian session, at GMT0300, the pair is trading at 16.28, with silver trading 0.46% higher against the USD from Friday’s close.
The pair is expected to find support at 16.10, and a fall through could take it to the next support level of 15.91. The pair is expected to find its first resistance at 16.40, and a rise through could take it to the next resistance level of 16.51.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
