Bearish consolidation.
• Silver declines. 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 back towards 61.8% Fibonacci
retracement around 17.75.
• 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)
