KVE
Long

XAG/USD (Silver): Possible support coming up

FX:XAGUSD   Silver/U.S. Dollar
97 0 6
Based on the weekly chart we have support coming up around the 16.00 level, 1.618 ext. is 16.671 and 0.618 ret. is 16.478, in that area we have confluence of the MA(100) coming in at a possible technical support area...

The monthly chart shows that the MA(200) comes in around 15.00, so we should keep this in mind also, this coincides with the 0.786-0.886 ret. levels...

For now it remains bearish but that could change if we reach the beforementioned levels...
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