Silver has been consolidating since August 15 and has been stuck in a sideways channel. The neutral to bearish picture in the medium term looks to last for a while longer after prices failed to break above the upper channel in the preceding month. Resistance was met at around 14.90 region and significant support at 13.90, forcing the price to remain in a range. Technical indicators confirm this view with the RSI approaching the 50 level with weak momentum and the MACD oscillator stands around the zero line, above the red trigger line. If prices continue to head lower in the near term, support should come from the ... (full story)