(03 JULY 2017)SILVER (in USD):Weakening.

(03 JULY 2017)SILVER (in USD):Weakening.

3 July 2017, 13:49
Jiming Huang
0
36

sl


Weakening.

(By Yann Quelenn )

• Silver's bullish bounce quickly faded. Closest 

support is given at 16.29 (26/06/2017 low). 

Strong support is given at 16.06 (09/05/2017 

low). Key resistance is given at a distance at 

17.75 (06/06/2017 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).

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