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$17.469-$17.422 Supports Fresh.........>

SILVER TECHS
SILVER TECHS: $17.469-$17.422 Supports Fresh Attempt Higher
*RES 4: $17.854 - 1.618 swing of $17.432-$16.749, Sep 14 high
*RES 3: $17.753 - 50% Fibo of $21.143-$14.362
*RES 2: $17.726 - Hourly resistance
*RES 1: $17.628 - High Jan 23
*PRICE: $17.612 @ 0434GMT     
*SUP 1: $17.469 - Hourly support 
*SUP 2: $17.422 - Hourly base Jan 24
*SUP 3: $17.278 - Hourly low Jan 23
*SUP 4: $17.081 - Initial High Jan 23, now support
*COMMENTARY: The Jan 23 high at $17.628 still providing a near term cap and
while intact, look to support from $17.469-$17.422. Any lower would caution and
suggest the time is ripe for some deeper correction of gains from last Friday's
$16.749 low. Above $17.628 and $17.726 appears next, ahead of the longer term
Fibo retrace level at $17.753 and swing target at $17.854, in line with the Sep
14 high.

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