Bounces Off Tuesday's Low *RES 4:......>

SILVER TECHS: Bounces Off Tuesday's Low

*RES 4: $16.157 - 61.8% retracement of the Feb 24 - Mar 18 decline

*RES 3: $15.988 - High Apr 10 and bull trigger

*RES 2: $15.599 - High Apr 16

*RES 1: $15.440 - High Apr 20

*PRICE: $15.296 @ 07:23 BST Apr 23

*SUP 1: $14.978 - Intraday low

*SUP 2: $14.547 - Low Apr 21 and key S/T support

*SUP 3: $14.245 - Low Apr 6

*SUP 4: $13.815 - 50.0% retracement of the rally between Mar 18 - Apr 10

Silver has bounced off Tuesday's $14.547 low. The recovery is an early

indication that the recent corrective pull back may be over. While this support

holds, the focus shifts once again to the potential for a recovery towards the

key resistance at $15.988, the Apr 10 high. A breach of this level would confirm

a resumption of the bull run that has been in place since Mar 18. On the

downside, sub $14.547 would instead signal a return of bearish activity.