Silver Movement
For the 24 hours to 23:00 GMT, Silver rose 0.45% against the and closed at 16.76.
In the Asian session, at GMT0400, the pair is trading at 16.77, with the silver trading 0.06% higher from yesterday’s close.
The pair is expected to find support at 16.60, and a fall through could take it to the next support level of 16.43. The pair is expected to find its first resistance at 16.96, and a rise through could take it to the next resistance level of 17.15.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
