61.8% retracement is pivotal *RES 4:...>

SILVER TECHS: 61.8% retracement is pivotal

*RES 4: $19.121 - 76.4% retracement of Sep 4 - Sep 13 decline

*RES 3: $18.803 - High Sep 6

*RES 2: $18.792 - 61.8% retracement of Sep 4 - Sep 13 decline

*RES 1: $18.746 - High Sep 24

*PRICE: $18.521 @ 07:17 BST Sep 25

*SUP 1: $17.940 - Low Sep 23

*SUP 2: $17.520 - Low Sep 18

*SUP 3: $17.400 - Low Sep 13 and bear trigger

*SUP 4: $16.970 - 50% retracement of the May 28 - Sep 4 rally

Silver started the week on a firm note. From a trend perspective though, recent

gains are still potentially a correction with bearish conditions evident.

Resistance at $18.471, Sep 12 high was breached Monday though. Attention turns

to the pivotal 61.8% retracement of Sep 4 - Sep 13 decline at $18.792. A break

would suggest the recovery is not a correction and signal potential for a climb

towards the key $19.653 resistance, Sep 4 high. Support is at $17.940 low.