(21 AUGUST 2017)SILVER (in USD):Bullish pressures.

(21 AUGUST 2017)SILVER (in USD):Bullish pressures.

21 August 2017, 14:12
Jiming Huang


Bullish pressures.

(By Yann Quelenn)

• Silver's bullish pressures are on. Hourly 

resistance given at 17.24 (10/08/2017 high) has 

been broken while support can be found at 

16.13 (07/08/2017 high). The commodity lies in a 

short-term uptrend channel. Expected to show 

continued current bullish momentum. 

• 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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