Silver Movement
For the 24 hours to 23:00 GMT, Silver declined 0.36% against the USD and closed at USD16.46 per ounce.
In the Asian session, at GMT0300, the pair is trading at 16.74, with silver trading 1.70% higher against the USD from yesterday’s close.
The pair is expected to find support at 16.46, and a fall through could take it to the next support level of 16.19. The pair is expected to find its first resistance at 16.92, and a rise through could take it to the next resistance level of 17.10.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
