For the 24 hours to 23:00 GMT, Silver declined 7.09% against the USD and closed at USD14.61 per ounce on Friday, tracking losses in gold prices.
In the Asian session, at GMT0400, the pair is trading at 14.71, with silver trading 0.68% higher against the USD from Friday’s close.
The pair is expected to find support at 14.13, and a fall through could take it to the next support level of 13.54. The pair is expected to find its first resistance at 15.59, and a rise through could take it to the next resistance level of 16.47.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
