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Bears Dominate While $16.926 Caps......>

SILVER TECHS
SILVER TECHS: Bears Dominate While $16.926 Caps
*RES 4: $17.240 - High Aug 10 
*RES 3: $17.002 - Hourly resistance Aug 15a 
*RES 2: $16.926 - Hourly resistance Aug 15 
*RES 1: $16.796 - Hourly support Aug 15 now resistance
*PRICE: $16.683 @ 0430GMT
*SUP 1: $16.576 - Low Aug 15
*SUP 2: $16.450 - Hourly support Aug 9a
*SUP 3: $16.450 - Hourly support Aug 9a
*SUP 4: $16.370 - Daily bull channel base
*COMMENTARY: Hesitation ahead of Thursday's high has resulted in a correction
that sees silver flirting with 21 ($16.614) & 55 ($16.590) DMAs. The daily bull
channel base is now key support with bears needing a close below to end bullish
hopes and initially target $15.976-16.135. The $16.769-926 resistance remains
key with bulls needing a close above to shift focus back to $17.240.

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