Silver Movement
Silver prices rose 0.69% to USD 16.17 per ounce during the 24 hours ending 23:00GMT, tracking its gains in the gold prices.
In the Asian session, at GMT0300, the pair is trading at 16.18, with the silver trading 0.12% higher from yesterday’s close.
The pair is expected to find support at 16.00, 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 16.39, and a rise through could take it to the next resistance level of 16.61.
The white metal is trading between its 20 Hr and 50 Hr moving averages.
