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Bounces *RES 4: $16.157 - 61.8%........>

SILVER TECHS
SILVER TECHS: Bounces
*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: $15.507 - High Apr 30 and key intraday resistance
*PRICE: $15.486 @ 07:06 BST May 8
*SUP 1: $14.650 - Low Apr 30
*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 traded higher yesterday reinforcing a bullish outlook. On Apr 21, price
bounced off $14.547, Apr 21 low. The recovery is an early indication the recent
corrective pullback between Apr 10 - 21 may be over. While $14.547 support
holds, the focus is on a recovery towards key resistance at $15.988, Apr 10
high. A break would confirm a resumption of the uptrend. The initial hurdle is
at $15.507, Apr 30 high. Sub $14.547 levels would instead be bearish.

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