Silver’s bullish pressures are back. Hourly resistance lies at 16.94 (02/08/2017 high). The commodity has set up a new support 16.13 (07/08/2017 high). Expected to edge higher.
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).