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SILVER TECHS: Bullish above trendline
*RES 4: $18.218 - High Sep 8 2017
*RES 3: $18.000 - Psychological round number
*RES 2: $17.704 - High Jan 25 2018
*RES 1: $17.512 - High Aug 13
*PRICE: $16.995 @ 06:42 BST Aug 19
*SUP 1: $16.663/540 - Trendline support drawn off Jul 12 low / Low Aug 13
*SUP 2: $16.121 - Low Aug 5
*SUP 3: $15.920 - Low Aug 1 and key support
*SUP 4: $15.568 - High Jun 21
Silver traded in a more volatile manner last week, however the underlying
bullish outlook remains intact with fresh highs registered last Wednesday. This
maintains the underlying price sequence of higher highs and higher lows with the
focus on $17.704, the Jan 25, 2018 high. Initial resistance and the trigger for
bulls is at Tuesday's high of $17.512. Support lies at the trendline, today at
$16.663, and $16.540, the Aug 13 low.