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Silver - False Breakout

Silver is still trading mixed despite the metal has broken hourly resistance given at 17.82 (11/10/2016 high). Hourly support can be found at 17.09 (07/10/2016 low). Key resistance is given at 18.88 (04/10/2016 base). Expected to see a new leg higher.

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).

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