Silver closed below a downward trendline on its daily chart, suggesting the next support level is around $37,500 if it remains below the trendline. The document provides a technical analysis of silver that identifies key support and resistance levels, noting $37,500 as the next support if the price fails to stay above a downward trendline.

1. 16 DECEMBER14
www.trifidresearch.com

2. PIVOT TABLE
TECHNICAL VIEW
SILVER
COMMODITIES S1 S2 S3 R1 R2 R3
GOLD 27195 27000 26765 27420 27600 27800
SILVER 38160 37840 37500 38600 38900 39200
CRUDE 3560 3510 3460 3650 3705 3765
COPPER 408.25 406.35 403.65 411.80 413.80 416
Silver on its daily chart closed below trendline, now if it sustain below it then next support is seen
around 37500.

3. WWW.TRIFIDRESEARCH.COM
DISCLAIMER