Silver has hit it's resistance line of 16.84
and after the non farm payrolls, it has fallen.
RSI and MACD are both in a down-trend,
and price is also below its 200 EMA.
In my opinion, that's a few good reasons to go short.
Silver breakout on the Higher-Low's (HL) trend.
Short-term
Resistance zone: 16.50-17.00
Support zone: $15.50
Long term
Major resistance: $21
Major Support $14
Downtrend since July with huge drop in October price is choppy at the moment, maybe nice time to short with the current pullbacks forming on daily and 4hr charts. Maybe price will touch 17.700 then drop again? on the watch list for sure.
![SILVER: Silver downward breakout 5-July-2017 [Weekly]](https://s3.tradingview.com/g/gXIrXNQe_mid.png "Silver downward breakout 5-July-2017 [Weekly]")
