Silver has been bouncing on hourly support at 15.61 (14/07/2017 low). Hourly resistance given at 16.15 (13/12/2017 high) has been broken. Expected to show continued bullish pressures.
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).