Silver’s daily trend is up as long as price is higher than 16,60 on a closing basis. The rebound from the 4-year lows that were marked two weeks ago @ 14,15 has been very impressive so far. There is resistance @ 17.35, 17.65 and 17.85. On the downside, 16.80 and 16,65 can offer good support. The weekly trend is now up, too, but the monthly trend is massively negative.
Silver, daily chart:
Chart courtesy of http://www.investing.com
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