(08 MAY 2017)SILVER :Starting a consolidation phase.

(08 MAY 2017)SILVER :Starting a consolidation phase.

8 May 2017, 14:15
Jiming Huang
0
24

SL

Starting a consolidation phase.

• Silver is consolidating after the strong decline. 

Hourly support is given at 16.20 (04/05/2017 low). 

Strong resistance is given at a distance at 19.00 

(09/11/2017 high). Expected to see continued 

bearish pressures until at least $16. 

• 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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