Silver Movement
On Friday, Silver prices declined 1.02% to USD 16.92 per ounce during the period ending 21:00GMT, tracking losses in gold prices.
In the Asian session, at GMT0300, the pair is trading at 16.89, with the silver trading 0.15% lower from Friday’s close.
The pair is expected to find support at 16.76, and a fall through could take it to the next support level of 16.64. The pair is expected to find its first resistance at 17.10, and a rise through could take it to the next resistance level of 17.32.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
