Ready for another leg lower.
• Silver's selling pressures are strong despite
ongoing bullish consolidation. Closest support is
given at 16.36 (21/06/2017 low). Strong support
is given at 16.06 (09/05/2017 low). Key resistance
is given at a distance at 19.00 (09/11/2017 high).
The road seems wide open for further decline.
• 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)