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$16.470 Support Key Today *RES 4:......>

SILVER TECHS
SILVER TECHS: $16.470 Support Key Today
*RES 4: $17.030 - Low Jan 31 now resistance
*RES 3: $16.928 - 21-DMA
*RES 2: $16.824 - 200-DMA
*RES 1: $16.667 - 55-DMA
*PRICE: $16.570 @ 0400GMT
*SUP 1: $16.470 - High Feb 8 now support
*SUP 2: $16.310 - Low Feb 12
*SUP 3: $16.188 - 2018 Low Feb 9
*SUP 4: $15.950 - Low Dec 18
*COMMENTARY: Follow through was lacking in the latter part of last week with
bulls taking comfort in the bounce Monday that sees focus back on layers of
resistance $16.667-17.030 where key DMAs are situated. Bulls need a close above
$17.030 to shift focus back to $17.394-696 where 2018 highs are noted. Initial
support is noted at $16.470 with bears needing a close below to ease pressure on
resistance layers and below $16.188 to target $15.590 Dec lows.

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