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).