For the 24 hours to 23:00 GMT, Silver rose 2.82% against the USD and closed at USD16.22 per ounce.
In the Asian session, at GMT0300, the pair is trading at 16.39, with silver trading 1.08% higher against the USD from yesterday’s close.
The pair is expected to find support at 15.89, and a fall through could take it to the next support level of 15.40. The pair is expected to find its first resistance at 16.65, and a rise through could take it to the next resistance level of 16.92.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
