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Below $16.530 Initially Targets 2018...>

SILVER TECHS
SILVER TECHS: Below $16.530 Initially Targets 2018 Low
*RES 4: $17.119 - Hourly resistance Apr 23 
*RES 3: $17.030 - Alternating daily support/resistance 
*RES 2: $16.867 - Alternating daily support/resistance 
*RES 1: $16.794 - 200-DMA
*PRICE: $16.670 @ 0430GMT
*SUP 1: $16.530 - Low Apr 16
*SUP 2: $16.395 - Low Apr 10
*SUP 3: $16.310 - Low Apr 9
*SUP 4: $16.177 - Low Apr 5
*COMMENTARY: Hesitation around the 100-WMA took its toll with a sharp sell-off
shifting initial focus back to $16.530. Bears now look for a close below this
level to shift focus to $16.100-177. Layers of resistance have been left in the
wake with bulls needing a close above $16.867 to gain breathing room and above
$17.119 now needed to shift focus back to $13.331-696 where the 100-WMA is
noted.

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