Silver Going lower

Silver’s bullish pressures have faded after the commodity reached hourly resistance at 16.94 (02/08/2017 high). The commodity has broken hourly support at 16.25 (25/07/2017 low). Expected to continue pushing lower.

In the long-term, the death cross indicates that 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).

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