Silver Movement
For the 24 hours to 23:00 GMT, Silver rose 1.22% against the USD and closed at USD16.14 per ounce.
In the Asian session, at GMT0400, the pair is trading at 16.11, with silver trading 0.19% lower against the USD from yesterday’s close.
The pair is expected to find support at 15.98, and a fall through could take it to the next support level of 15.85. The pair is expected to find its first resistance at 16.27, and a rise through could take it to the next resistance level of 16.43.
The white metal is trading between its 20 Hr and 50 Hr moving average.
