(26 JUNE 2017)SILVER (in USD):Ready for another leg lower.

(26 JUNE 2017)SILVER (in USD):Ready for another leg lower.

26 June 2017, 13:49
Jiming Huang
0
20

sl


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)

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