Silver is decreasing following recent rise at 16.58, heading along the 16.45 range. Hourly support and resistance are given at 16.03 (05/12/2017 low) and 16.87 (06/03/2018 high). The technical structure suggests short-term decrease.
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).
