Silver Movement
Silver prices declined 2.23% to USD 16.46 per ounce during the 24 hours ending 23:00GMT.
In the Asian session, at GMT0300, the pair is trading at 16.35, with the silver trading 0.67% lower from yesterday’s close.
The pair is expected to find support at 16.16, and a fall through could take it to the next support level of 15.97. The pair is expected to find its first resistance at 16.72, and a rise through could take it to the next resistance level of 17.09.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
