Silver is still located in a short-term bearish retracement channel. Nonetheless, selling pressures seem weak. Hourly support is located at 19.23 (08/07/2016 low) while resistance is given at 21.13 (04/07/2016 high). Selling pressures seem important. Expected to break support at 119.23. Reloading bullish position around 19 seems interesting.
In the long-term, the metal is now in an increasing uptrend. Resistance is located at 25.11 (28/08/2013 high). Strong support can be found at 11.75 (20/04/2009).