Silver Weekly Technical Outlook

Silver lost momentum ahead of 18.05 resistance and weakened. Initial bias is neutral this week. Overall, price actions from 18.05 are viewed as a consolidation pattern and could extend with another further. Hence, in case of another rise, we'd be cautious on strong resistance from 18.05 to limit upside. Break of 17.105 minor support should now start another fall to 15.83 and possibly below.