Silver: Grinding Higher Towards The Resistance at 20.22
Silver continues to exhibit a short-term succession of higher lows. However, a break of the resistance at 20.22 is needed to improve the technical structure. An hourly support lies at 19.79 (07/04/2014 low). Another support stands at 19.58. A key resistance remains at 20.58 (21/03/2014 high).
In the long-term, the trend is negative. However, the potential higher low at 18.84 (31/12/2013 low) and the break of the resistance at 20.52 suggest a phase of stabilisation. A key resistance now stands at 23.09.