Lack of follow-through.
• Silver declines. Closest support is given at
16.20 (04/05/2017 low). Strong support is given
at 15.63 (20/12/2017 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)