Silver Weekly Technical Outlook

Silver struggled to sustain above 55 weeks EMA and retreated mildly last week. Initial bias is neutral this week for more consolidations. In case of deeper pull back, we'd expect downside to be contained by 61.8% retracement of 13.62 to 15.99 at 14.52 to contain downside and bring rebound. Break of 15.99 will target 16.37 resistance first and then 17.775.

from Oil N' Gold Focus http://www.oilngold.com/ong-focus/technical/silver-weekly-technical-outlook-2016022132378/