Silver Weekly Technical Outlook

No change in silver's outlook. While another fall cannot be ruled out, we'd still expect strong support around 14.155 low to bring near term reversal. Fall from 18.505 so far is possibly just the second leg of the medium term consolidation pattern from 14.155. Above 14.98 will indicate short term bottoming and bring rebound back to 55 days EMA (now at 15.84).

from Oil N' Gold Focus http://ift.tt/1OVd8yu