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21-DMA Remains Pivotal *RES 4:.........>

SILVER TECHS
SILVER TECHS: 21-DMA Remains Pivotal
*RES 4: $17.696 - 2018 High Jan 25
*RES 3: $17.547 - High Jan 26
*RES 2: $17.394 - High Feb 1
*RES 1: $17.069 - 21-DMA
*PRICE: $16.720 @ 0430GMT
*SUP 1: $16.540 - Low Feb 2, Hourly support Feb 5
*SUP 2: $16.260 - High Dec 20 now support
*SUP 3: $15.931 - Hourly resistance Dec 15 now support
*SUP 4: $15.825 - Low Dec 14
*COMMENTARY: Pressure remains on the $16.540 support following the correction
from 2018 highs with bears looking for a close below $16.540 to confirm a
bearish bias with overall focus shifting to tests of Dec lows at $15.590. Bulls
now look for a close above the 21-DMA to confirm an easing of bearish pressure
and see focus return to the $17.394-696 region where 2018 highs are located.

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