(15 MAY 2017)SILVER (in USD):Short-term bounce above $16.00.

Short-term bounce above $16.00.

• Silver's bearish pressures are still lively despite 

short-term consolidation. Strong support is given 

at 15.63 (20/12/2017 low). Closest support is 

given at 16.20 (04/05/2017 low). Key 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)