Silver Movement
For the 24 hours to 23:00 GMT, Silver declined 0.9% against the USD and closed at USD16.00 per ounce.
In the Asian session, at GMT0400, the pair is trading at 15.99, with the white metal trading 0.06% lower from yesterday’s close.
The pair is expected to find support at 15.87, and a fall through could take it to the next support level of 15.76. The pair is expected to find its first resistance at 16.17, and a rise through could take it to the next resistance level of 16.35.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
