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Bear Market At Risk Of Extending.......>

SILVER TECHS
SILVER TECHS: Bear Market At Risk Of Extending
*RES 4: $15.554 - High Aug 3 
*RES 3: $15.001 - High Aug 28 
*RES 2: $14.677 - 55-dma 
*RES 1: $14.500 - Pivot area 
*PRICE: $14.382 @ 06:08 GMT 
*SUP 1: $14.269 - Low Oct 8 
*SUP 2: $14.180 - Low Sep 27 
*SUP 3: $13.942 - Low Sep 11 
*SUP 4: $13.648 - Low Dec 15 2015 
Silver was unable to regain the $14.50 pivot area yesterday which gives bears an
opportunity to retest Monday's lows at $14.269. Below here would open the Sep 27
and Sep 11 lows, which are the last lines of defense ahead of fresh multiyear
lows. A break back above $14.50 is needed to improve the outlook, allowing a
retest of the key 55-dma. A break above here would suggest a bullish reversal
pattern is in play.  

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