Silver Movement
Silver prices declined 1.89% to USD 15.83 per ounce during the 24 hours ending 23:00GMT, tracking losses in gold prices.
In the Asian session, at GMT0300, the pair is trading at 15.81, with the silver trading 0.09% lower from yesterday’s close.
The pair is expected to find support at 15.62, and a fall through could take it to the next support level of 15.43. The pair is expected to find its first resistance at 16.07, and a rise through could take it to the next resistance level of 16.34.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
