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Technical Analysis

SILVER Higher

Typography

Silver has further improved as can be seen by the move above the resistance at $17.25. The precious metal is now trading above $17. Hourly support can be found at 16.13 (06/10/2017 low). Expected to show further increase.

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).

Author: Swissquote Bank SA Website: http://en.swissquote.com/fx
Swissquote Bank SA
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