(29 MAY 2017)SILVER (in USD):Pausing around 50% Fibonacci  retracement.

(29 MAY 2017)SILVER (in USD):Pausing around 50% Fibonacci retracement.

29 May 2017, 14:23
Jiming Huang
0
38

sl

Pausing around 50% Fibonacci 

retracement.

• Silver increases. 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 push above 50% Fibonacci 

retracement around 17.30. 

• 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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