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50-DMA Counters *RES 4: $16.216 -......>

SILVER TECHS
SILVER TECHS: 50-DMA Counters
*RES 4: $16.216 - High Feb 20
*RES 3: $15.997 - High Feb 27
*RES 2: $15.793 - Key Resistance
*RES 1: $15.640 - High Mar 21
*PRICE: $15.527 @ 07:38 GMT Mar 22
*SUP 1: $15.140/091 - Low March 14/200-dma
*SUP 2: $14.969 - Low Mar 8
*SUP 3: $14.915 - High Nov 2
*SUP 4: $14.782/719 - 61.8% retracement/Low Dec 26
Silver attempted to rebound yesterday touching highs of $15.640, but failed to
close above the 50-dma. Bulls need a break above here to develop a more
constructive technical picture, putting the focus back on the February $16.216
peak. However, trend indicators continue to give mixed signals, while momentum
indicators have yet to confirm any bullishness. Holding above initial support at
15.275 is now essential to maintain recovery hopes.

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