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Silver - Bouncing

Silver is decreasing toward support at 14.42 (01/12/2014 low). Resistance can be found at 16.53 (04/06/2015 high). Key resistance can be found at 17.75 (18/05/2015 high).

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. However, the strong support at 14.66 (05/02/2010 low) has held thus far and prices have then consolidated. A key resistance stands at 18.89 (16/09/2014 high).

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