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100-DMA Support Now Key *RES 4:........>

SILVER TECHS
SILVER TECHS: 100-DMA Support Now Key
*RES 4: $17.542 - Low Sept 15 now resistance
*RES 3: $17.464 - Monthly High Oct 16
*RES 2: $17.373 - Monthly High Nov 17
*RES 1: $17.208 - Hourly resistance Jan 3
*PRICE: $17.070 @ 0430GMT
*SUP 1: $16.911 - 100-DMA
*SUP 2: $16.669 - 55-DMA
*SUP 3: $16.599 - Low Dec 28
*SUP 4: $16.264 - 21-DMA
*COMMENTARY: Bulls took comfort in silver gaining traction above 100 & 200-DMAs
but topside follow though is lacking today which is less than ideal. In saying
that, bears need a close below the 100-DMA to ease bullish pressure and below
$16.599 to confirm a break of the 55-DMA, ending bullish hopes and shifting
immediate focus to tests of the 21-DMA. While the 100-DMA supports bulls focus
on $17.542 with a close above targeting $18.208.

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