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SILVER TECHS: Bulls Clinging On To Support
*RES 4: $15.554 - High Aug 3
*RES 3: $15.001 - High Aug 28
*RES 2: $14.915 - High Nov 2
*RES 1: $14.235 - Low Nov 1, now resistance
*PRICE: $14.023 @ 06:28 GMT
*SUP 1: $13.942 - Low Sep 11
*SUP 2: $13.648 - Low Dec 15 2015
*SUP 3: $13.000 - Support
*SUP 4: $12.458 - Low Jul 17, 2009
The Sep 11 low continues to hold for now but recovery efforts have been lacking
keeping the focus on the downside for now. A break below $13.942 would allow
bears to challenge the Dec 2015 lows at $13.640 ahead of a run at the $13 level.
Bulls need to quickly recover the Nov 1 lows, now acting as resistance at
$14.235, in order to return the outlook neutral. For bulls to regain the upper
hand we would need to see a recovery of the Nov 2 high at $14.915.