(17 JULY 2017)SILVER (in USD):Back within former downtrend channel.

Back within former downtrend channel.

(By Yann Quelenn)

• Silver is still bouncing from hourly support 

given at 15.18 (10/07/2017 low). Key resistance is 

given at a distance at 17.75 (06/06/2017 high). 

The road seems wide open for renewed 

weakness. 

• 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).