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Above $16.910 To Ease Bearish..........>

SILVER TECHS: Above $16.910 To Ease Bearish Pressure
*RES 4: $17.040 - 55-DMA 
*RES 3: $16.910 - Hourly resistance Sept 26 
*RES 2: $16.869 - 100-DMA 
*RES 1: $16.750 - High Oct 5
*PRICE: $16.591 @ 0330GMT
*SUP 1: $16.495 - High Aug 8 now support
*SUP 2: $16.125 - Low Aug 7
*SUP 3: $15.966 - Low July 17 
*SUP 4: $15.604 - Low July 14
*COMMENTARY: Bears take comfort in the lack of follow through above the 100-DMA
and rejection from ahead of $16.910 that sees pressure back on the $16.495
support. Bears need a close below $16.495 to reconfirm the bearish bias and
initially target $15.966-16.125. Layers of resistance are accumulating and
weighing with bulls needing a close above $16.910 to ease bearish pressure and
shift focus to $17.040-245.

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