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$16.450-750 Support Region Key *RES....>

SILVER TECHS
SILVER TECHS: $16.450-750 Support Region Key
*RES 4: $17.591 - Daily Bull channel top 
*RES 3: $17.488 - Low June 5 now resistance 
*RES 2: $17.315 - High Aug 18 
*RES 1: $17.148 - Hourly resistance Aug 18
*PRICE: $16.996 @ 0430GMT
*SUP 1: $16.835 - Low Aug 18
*SUP 2: $16.750 - Hourly resistance Aug 16 now support
*SUP 3: $16.747 - 21-DMA
*SUP 4: $16.561 - 55-DMA
*COMMENTARY: The recovery from a test of 21 & 55-DMAs managed fresh 2 mth highs
Friday although the lack of topside follow through and relatively bearish close
are less than ideal for bulls. Layers of support remain with bears needing a
close below $16.750 to ease bullish pressure and below $16.450 to end bullish
hopes and initially target $15.976-16.135. Bulls need a close above $17.148 to
retain focus on $17.315-17.742.

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