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Bearish Threat Still Around *RES 4:....>

SILVER TECHS
SILVER TECHS: Bearish Threat Still Around
*RES 4: $15.883 - High Mar 13
*RES 3: $15.153 - High Mar 16
*RES 2: $14.000 - Round number resistance
*RES 1: $13.246 - High Mar 17
*PRICE: $12.639 @ 07:07 GMT Mar 20
*SUP 1: $11.642 - Low Mar 18
*SUP 2: $11.000 - Round number support
*SUP 3: $10.333 - Low Jan 2009
*SUP 4: $10.000 - Psychological round number
Silver is firmer today but gains are likely corrective in nature. The bearish
theme remains clearly intact following the recent breach of former key support
at $16.530, Dec 9 low marking the base of a broad range the metal had traded
within since late Sep last year. The break of $16.395, Feb 28 low on Mar 12 and
the subsequent slide paves the way for a deeper sell-off with the next objective
at $11.000. Initial firm resistance is at Tuesday's high of $13.246.

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