Silver has reversed and has broken uptrend channel, breaking support at 16.75 (23/01/2018 low). Strong resistance lies at 18.21 (08/09/2017 high). Expected to show short-term strength.
In the long-term, the trend remains negative/ sideways. Further downside is very likely. The pair is trading slightly above its 200 DMA. Resistance is located at 21.58 (10/07/2014 high). Strong support can be found at 11.75 (20/04/2009).