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SILVER TECHS: Bulls Need Close Above $15.892
*RES 4: $16.589 - High Nov 30
*RES 3: $16.361 - High Dec 5
*RES 2: $16.220 - Low Dec 1 now resistance
*RES 1: $15.892 - High Dec 8
*PRICE: $15.725 @ 0400GMT
*SUP 1: $15.604 - Low July 14
*SUP 2: $15.517 - Daily Bear channel base
*SUP 3: $15.172 - Low July 10
*SUP 4: $14.860 - 2017 Low July 7
*COMMENTARY: Sideways trading came to an end with a sell-off and bearish close
last Wednesday. Fresh losses see bears focused on $15.517-604 where the daily
bear channel base is noted. O/S daily studies remain the key concern for bears.
Bulls continue to look for a close above $15.892 to ease immediate bearish
pressure and above $16.361 to shift focus back to $16.512-789 where the 21-DMA &
55-DMA are located.