![(07 AUGUST 2017)SILVER (in USD):Short-term bullish momentum is fading. (07 AUGUST 2017)SILVER (in USD):Short-term bullish momentum is fading.](https://c.mql5.com/6/783/splash-704420.jpg)
(07 AUGUST 2017)SILVER (in USD):Short-term bullish momentum is fading.
7 August 2017, 13:50
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Short-term bullish momentum is fading.
(Yann Quelenn)
• Silver's bullish pressures have faded after the
commodity reached hourly resistance at 16.94
(02/08/2017 high). The commodity has broken
hourly support at 16.25 (25/07/2017 low).
Expected to continue pushing lower.
• In the long-term, the death cross indicates that
further downsides are very likely. Resistance is
located at 25.11 (28/08/2013 high). Strong
support can be found at 11.75 (20/04/2009).