(18 SEPTEMBER 2017)SILVER (in USD):Continued bearish consolidation.

(18 SEPTEMBER 2017)SILVER (in USD):Continued bearish consolidation.

18 September 2017, 14:02
Jiming Huang
0
15

sl


Continued bearish consolidation.

(By Yann Quelenn )

• Silver has failed to reach strong 

resistance at 18.65 (17/04/2017 high) while 

support can be found at 16.58 (15/08/2017 high). 

The commodity lies in an uptrend channel. 

Expected to show further consolidation. 

• In the long-term, the trend is rater negative. 

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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