Bearish Focus Returns *RES 4:..........>

SILVER TECHS: Bearish Focus Returns

*RES 4: $17.819 - Channel top drawn off Sep 24 high

*RES 3: $17.623 - 61.8% retracement of Nov 4 - Nov 12 decline

*RES 2: $17.437 - 50.0% retracement of Nov 4 - Nov 12 decline

*RES 1: $17.326 - High Dec 4

*PRICE: $16.900 @ 07:28 GMT Dec 5

*SUP 1: $16.745 - Low Nov 18

*SUP 2: $16.649 - Low Nov 12 and bear trigger

*SUP 3: $16.540 - Low Aug 13

*SUP 4: $16.340 - 61.8% retracement of May 28 - Sep 4 rally

Silver attempted a push higher yesterday but failed to hold the high and

reversed lower. This highlights a possible short-term top at yesterday's high of

$17.326. While this level holds, the near-term focus returns to the potential

for weakness and for a move towards the key bear trigger at $16.649, Nov 12 low.

A break would open $16.540 and $16.340. On the upside, a move above yesterday's

high is required to instead suggest scope for a short-term bounce.