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$16.855 Support Now Key *RES 4:........>

SILVER TECHS
SILVER TECHS: $16.855 Support Now Key
*RES 4: $17.742 - Monthly high June 6
*RES 3: $17.488 - Low June 5 now resistance
*RES 2: $17.333 - Daily Bull channel top 
*RES 1: $17.240 - High Aug 10
*PRICE: $17.165 @ 0430GMT
*SUP 1: $17.010 - Hourly support Aug 14
*SUP 2: $16.855 - Low Aug 10
*SUP 3: $16.635 - 55-DMA
*SUP 4: $16.591 - 21-DMA
*COMMENTARY: Bulls capitalised on the close above $16.450 Tuesday with silver
now consolidating above 100 ($17.014) & 200 ($17.064) 200-DMAs and bulls now
focused on layers of resistance $17.333-742. A close above $17.742 is needed to
confirm focus on 2017 highs. Layers of support remain with bears needing a close
below $16.855 to ease immediate bullish pressure and shift focus back to
$16.450-635.

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