SILVER (XAG/USD) Weekly Outlook - bouncing off key resistance for the next bearish target

Weekly price is on bearish market condition with below of 100-period SMA and 200-period SMA with the ranging between 17.75 resistance level and 13.96 support level:

• the price is bouncing off 16.18 resistance for the 13.96 support as the next bearish target;
• nearest support levels are 14.26 and 13.96;
  
• nearest resistance levels are 16.18 and 17.75;
• 17.75 resistance is the reversal level - if the price breaks this level from below to above so the bullish reversal will be started.
  

• if weekly price breaks 16.18 resistance so we may see the secondary rally within the primary bearish market condition;
  
• if weekly price breaks 13.96 support level so the primary bearish will be continuing without ranging up to the new 'bottom' to be forming;
  
• if not so the price will be moved within the levels.