Silver has declined and is now challenging the key support at 27.96 (01/03/2013 low). Hourly resistances can be found at 28.50 (29/03/2013 high) and 28.92 (25/03/2013 high). • A decisive break of the support at 27.96 would open the way for further weakness towards the strong support at 26.07 (26/09/2011 low). • Silver, like Gold, has been able to hold above its key long-term support made on September 2011 (26.07 USD). A lengthy sideways move is likely underway. Long-term horizontal resistance is at 37.48 (29/02/2012 high). (full story)