For the 24 hours to 23:00 GMT, Silver declined 3.66% against the USD and closed at USD16.58 per ounce on Friday.
In the Asian session, at GMT0300, the pair is trading at 16.52, with silver trading 0.39% lower against the USD from Friday’s close.
The pair is expected to find support at 16.23, and a fall through could take it to the next support level of 15.94. The pair is expected to find its first resistance at 17.04, and a rise through could take it to the next resistance level of 17.56.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
