Range bound.
(By Yann Quelenn)
• Silver's bullish pressures remain despite
ongoing consolidation. Hourly resistance is given
at 17.32 (18/08/2017 high) while support can be
found at 16.58 (15/08/2017 high). The commodity
lies in a short-term uptrend channel. Expected to
show another leg higher.
• In the long-term, the death cross indicates that
further downsides are very likely. Resistance is
located at 25.11 (28/08/2013 high). Strong
support can be found at 11.75 (20/04/2009).
