(24 APRIL 2017):SILVER (in USD):Weakening.

(24 APRIL 2017):SILVER (in USD):Weakening.

24 April 2017, 14:27
Jiming Huang
0
25

SILVER

Weakening.

• Silver has broken strong support at 18.16 

(rising trendline) indicating further downside risk. 

Hourly support is given at 17.65 (intraday low) 

then 16.82 (15/03/2017 low). Strong resistance is 

given at a distance at 19.00 (09/11/2017 high). 

• 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).

(By Peter Rosenstreich )

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