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Silver - Breaking Support At 17.53

Silver has weakened to the strong support at 17.53. Technical structure suggest further downside. Hourly resistance is given at 18.00 (05/10/2016 high) while key resistance is given at 18.88 (04/10/2016 base).

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).

Daily Technical Report

 

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