Silver is trading lower following a hike at 16.77 (26/02/2018), suggesting further short-term decline. Hourly support and resistance are given at 16.27 (07/02/2018 low) and 16.98 (15/02/2018).
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).
, suggesting further short-term decline. Hourly support and resistance are given at 16.27 (07/02/2018 low) and 16.98 (15/02/2018).){kind=link}