Silver is maintained at the range of 16.55 and trades indistinctly. Silver is trading between hourly support and resistance given at 16.27 (07/02/2018 low) and 16.98 (15/02/2018 high). The technical structure suggests further shortterm sideway 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).
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