(15 JUNE 2018)SILVER (in USD):Bullish pause.

(15 JUNE 2018)SILVER (in USD):Bullish pause.

15 June 2018, 15:31
Jiming Huang
0
13
sl

Bullish pause.

(By Peter Rosenstrelch)

·Silver continues to strengthen as can be

seen by the break of the hourly resistance at

16.87. Succession of higher lows continues to

favor a bullish bias as long as uptrend floor

holds, Hourly support and resistance are given at

16.05 (01 /05/2018 low) and 17.35 (19/04/2018

high). The technical structure suggests short-

term upward moves,

·In the long-term, the trend remains negative/

sideways, Further downside is very likely.

Resistance is located at 21.58(,0/07/2014 high)

Strong support can be found at 11.75

(20/04/2009). The pair is trading below its 200

OMA.

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