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$16.435 Resistance Remains Key *RES....>

SILVER TECHS
SILVER TECHS: $16.435 Resistance Remains Key
*RES 4: $16.771 - Hourly resistance Aug 2
*RES 3: $16.600 - Alternating hourly support/resistance
*RES 2: $16.435 - Low Aug 3 now resistance 
*RES 1: $16.354 - 21-DMA
*PRICE: $16.284 @ 0430GMT
*SUP 1: $16.135 - Low Aug 7
*SUP 2: $15.980 - Low July 17
*SUP 3: $15.618 - Low July 14
*SUP 4: $15.123 - 2017 Low July 6
*COMMENTARY: Repeated topside failures ahead of $16.902-17.100 where 100 &
200-DMAs are located have impacted with the sell-off Friday closing below the
21-DMA ($16.354) and immediate focus now on $15.980-16.135. Bears need a close
below $15.980 to shift immediate focus to $15.618 and overall focus to 2017
lows. Bulls need a close above $16.435 to ease immediate bearish pressure.

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