(02 OCTOBER 2017)SILVER (in USD):Breaking support at 16.58.

Breaking support at 16.58.

(By Yann Quelenn)

• Silver has reversed and has broken uptrend

channel by breaking support implied by its lower 

bound. Strong resistance is given at 18.65 

(17/04/2017 high) while support found at 16.58 

(15/08/2017 high) has been broken. Expected to 

show further bearish move. 

• 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).