Silver Movement
Silver prices declined 1.30% to USD 16.35 per ounce during the 24 hours ending 23:00GMT.
In the Asian session, at GMT0400, the pair is trading at 16.385, with the silver trading 0.24% higher from yesterday’s close.
The pair is expected to find support at 16.23, and a fall through could take it to the next support level of 16.09. The pair is expected to find its first resistance at 16.59, and a rise through could take it to the next resistance level of 16.81.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
