Commodity Prices

Gold •15 mins	1,425.40	-1.30	-0.09%
Platinum •15 mins	851.90	-0.20	-0.02%
Bitcoin •1 min	10,618.34	-6.87	-0.06%
WTI Crude •11 mins	56.35	+0.59	+1.06%
Gasoline •10 mins	1.809	+0.014	+0.79%
Silver •15 mins	16.31	+0.12	+0.71%

Silver • 15 mins	16.31	+0.12	+0.71%
Copper • 15 mins	2.737	-0.016	-0.56%
Ethereum • 1 min	225.74	-0.07	-0.03%
Brent Crude • 11 mins	63.41	+0.94	+1.50%
Natural Gas • 13 mins	2.258	+0.030	+1.35%

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Silver - Buying Pressures Remain Lively

By - May 11, 2016, 5:51 AM CDT

Silver's volatility is still significant. The metal is above the 17.00 mark. Daily resistance is given at 18.00 (02/05/2015 high) while hourly support can be found at 16.74 (21/04/2016 low). Expected to see further increase.

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).

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