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).
