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 )
