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Bullish Theme Intact *RES 4: $18.743...>

SILVER TECHS
SILVER TECHS: Bullish Theme Intact
*RES 4: $18.743 - High Sep 24
*RES 3: $18.458 - 61.8% retracement of Sep 4 - Dec 9 decline
*RES 2: $18.334 - High Oct 25 and key resistance
*RES 1: $18.258 - Intraday high
*PRICE: $18.165 @ 07:25 GMT Jan 3
*SUP 1: $17.729 - Low Dec 26
*SUP 2: $17.445 - Former channel top drawn off the Sep 24 high
*SUP 3: $17.173 - Low Dec 23
*SUP 4: $16.887 - Low Dec 18
Silver is bullish. On Dec 24, the metal cleared channel resistance drawn off the
Sep 24 low, extending the current rally that started off the Dec 9 low. The
clear break of the channel top represents an important technical breach and
signals scope for a stronger bullish move. With $18.000 also cleared, attention
is on $18.334, Oct 25 high. On the downside, initial support is seen at $17.729,
Dec 26 low.

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