Silver is showing sings of strength, approaching hourly resistance at 16.83 (28/12/2018 high). Hourly support is given at 16.27 (07/02/2018 low). The technical structure suggests further short-term upside moves.
In the long-term, the trend remains negative/ sideways. Further downside is very likely. The pair is trading below its 200 DMA. Resistance is located at 21.58 (10/07/2014 high). Strong support can be found at 11.75 (20/04/2009).
. Hourly support is given at 16.27 (07/02/2018 low). The technical structure suggests further short-term upside moves.){kind=link}