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).