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200-dma acts as pivot *RES 4:..........>

SILVER TECHS
SILVER TECHS: 200-dma acts as pivot
*RES 4: $16.000 - Resistance
*RES 3: $15.875 - High Jan 4
*RES 2: $15.610 - Trendline resistance from Jan 4 high
*RES 1: $15.490 - Low Jan 3
*PRICE: $15.386 @ 06:39 GMT Jan 23
*SUP 1: $15.296 - 200-dma
*SUP 2: $15.001 - High Aug 28
*SUP 3: $14.672 - 100-dma
*SUP 4: $14.494 - Low Dec 14
Silver lost its 200-dma Monday, but recovered and closed above Tuesday, limiting
the bearish reversal for the time being. A fresh break below opens the Aug 28
high at $15.001. Below here would shift the bigger picture outlook negative and
target a run at the Dec lows. Bulls need to recover the $15.506 level to regain
the upper hand and target the $15.610 level which holds down trendline
resistance from the Jan 4 highs.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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