Silver has been bouncing on hourly support at 17.1539 (25/01/2018) and continues its hike. The short-term technical structure is turning positive. Hourly resistance lies at 18.21 (08/09/2017 high).
In the long-term, the trend remains negative. 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).