(01 MAY 2017)SILVER (in USD):Continued weakness.

(01 MAY 2017)SILVER (in USD):Continued weakness.

1 May 2017, 15:25
Jiming Huang


Continued weakness.

• Silver has broken strong support at 18.16 

(rising trendline) indicating further downside risk. 

Strong support is given far away at 16.82 

(15/03/2017 low). Strong resistance is given at a 

distance at 19.00 (09/11/2017 high). Expected to 

see continued bearish pressures. 

• 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 Yann Quelenn )

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