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Above $16.361 To Ease Bearish..........>

SILVER TECHS
SILVER TECHS: Above $16.361 To Ease Bearish Pressure
*RES 4: $16.730 - Low Nov 28 now resistance
*RES 3: $16.589 - High Nov 30
*RES 2: $16.361 - High Dec 5
*RES 1: $16.220 - Low Dec 1 now resistance
*PRICE: $16.340 @ 0430GMT
*SUP 1: $16.000 - Low Dec 5
*SUP 2: $15.966 - Low July 17
*SUP 3: $15.604 - Low July 14
*SUP 4: $15.172 - Low July 10
*COMMENTARY: Sideways trading came to an end with a sell-off and bearish close
Wednesday that shifted focus to $15.966-16.125 where monthly lows are situated.
Bulls now look for a close above $16.361 to ease renewed bearish pressure and
above $16.589 to shift focus back to the $16.730-17.197 region where key DMAs
are located. Bears now need a close below $15.966 to add weight to the case for
a test of $14.860 July lows.

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