Silver Weekly Technical Outlook

Silver's fall from 21.22 was still in progress last week and outlook is unchanged. Strong support could be seen at around 15.83 to contain downside and bring rebound. Break of 17.235 minor resistance will turn bias back to the upside for 19.00 resistance. Break there will confirm completion of such decline. However, firm break of 15.83 will now extend the fall to retest 13.62 low.