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Bulls Need Close Above $16.540 *RES....>

SILVER TECHS
SILVER TECHS: Bulls Need Close Above $16.540
*RES 4: $16.821 - 200-DMA
*RES 3: $16.684 - 55-DMA
*RES 2: $16.540 - Low Feb 2, Hourly sup Feb 5 now resistance
*RES 1: $16.470 - High Feb 8
*PRICE: $16.360 @ 0430GMT
*SUP 1: $16.220 - 2018 Low Feb 8
*SUP 2: $15.931 - Hourly resistance Dec 15 now support
*SUP 3: $15.590 - Monthly Low Dec 13
*SUP 4: $15.160 - Low July 10
*COMMENTARY: The break of $16.540 has left silver looking heavy and focus back
on $15.590 Dec monthly lows. A close below this level is then needed to confirm
focus on tests of 2017 lows. Layers of resistance are accumulating and weighing.
Bulls still need a close above $16.540 to ease bearish pressure and above
$17.030 to confirm a break of the 21-DMA and shift focus back to $17.394-696
where 2018 highs are noted.

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