(05 JUNE 2017)SILVER (in USD):Bearish consolidation.

(05 JUNE 2017)SILVER (in USD):Bearish consolidation.

5 June 2017, 13:58
Jiming Huang
0
27

sl

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)

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