FX.co ★ Technical analysis of Silver for May 28, 2014

 Technical outlook and chart setups:

1. Silver has broken down the channel line support as seen here and traded around $19.00 levels yesterday. A continued break below $18.90 and subsequently $18.75 could prove extremely bearish for the metal and it could continue drifting lower.

2. Support is seen at $18.90, followed by $18.75, $18.50/60 and lower, while resistance is seen at $19.90, followed by $20.40, $21.70 and higher respectively.

3. The structure indicates that Silver could possibly rally till prices stay above $18.90 levels and subsequently $18.75. 

Trading recommendations:

Remain long, stop below $18.50, target is open.

Good luck!