Silver - Pushing Temporarily Higher
Silver keeps moving sideways. Strong support lies at 13.51 (19/08/2009 low). Hourly resistance at 14.64 is approaching but still seems far. Yet, the overall technical structure (high volatility) suggests to see back further weakness toward hourly support at 13.51.
In the long-term, the break of the major support area between 18.64 (30/05/2014 low) and 18.22 (28/06/2013 low) confirms an underlying downtrend. Strong support can be found at 11.75 (20/04/2009). A key resistance stands at 18.89 (16/09/2014 high).