Silver continues its decline but remains above 17.16. Hourly support is at 16.75. The short-term technical structure remains positive as long as silver remains above 17. Hourly resistance lies at 18.21 (08/09/2017 high).
In the long-term, the trend remains negative/ flattish. 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).
.){kind=link}