(23 OCTOBER 2017)SILVER (in USD):Reversal ahead of resistance.

Reversal ahead of resistance.

(By Peter Rosenstreich)

• Silver is again weakening and is now resting on

support at 16.94. Hourly resistance is given at

17.46 (13/10/2017 high). Additional support can

be found at 16.13 (06/10/2017 low). Hourly

resistance can be found at 17.10 (intraday high).

• 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).