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 )
