Silver Movement
On Friday, Silver prices rose 1.98% to USD 15.69 per ounce during the period ending 21:00GMT, tracking gains in gold prices.
In the Asian session, at GMT0400, the pair is trading at 15.805, with the silver trading 0.77% higher from Friday’s close.
The pair is expected to find support at 15.27, and a fall through could take it to the next support level of 14.73. The pair is expected to find its first resistance at 16.11, and a rise through could take it to the next resistance level of 16.41.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
