SILVER / 16/12/2014 08:09:24 16,75 Is Broken DownwardsYesterday; USA Empire manufacturing index declined unexpectedly, while industrial production and capacity utilization rate were above the market expectation. Holding above 16,75 level the whole day, silver later broket here and declined.
Today; USA building permits and housing starts will be followed.
Technically; if silver stays below 16,75 resistance and breaks 16,20 support downwards, then 16,00 support would be aimed. If silver moves up to 16,75 level again, then 17,30 resistance would stand out.