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Bulls Need Close Above $17.541 *RES....>

SILVER TECHS
SILVER TECHS: Bulls Need Close Above $17.541
*RES 4: $17.541 - Low Sept 14 now resistance 
*RES 3: $17.463 - Monthly High Oct 16 
*RES 2: $17.318 - Bollinger band top
*RES 1: $17.289 - High Oct 19
*PRICE: $17.031 @ 0350GMT
*SUP 1: $16.905 - Hourly support Nov 8
*SUP 2: $16.778 - Low Nov 3
*SUP 3: $16.670 - Bollinger band base
*SUP 4: $16.636 - Low Oct 31
*COMMENTARY: Sideways trading continues for silver with the rally again
remaining capped ahead of layers of resistance $17.289-541. Bulls still need a
close above $17.541 to sift focus to $17.989-18.212 where Sept highs are
located. Daily studies have room to move before O/B becomes an issue. Bears now
look for a close below $16.778 to hint at a move back to $16.328 and below
$16.583 to confirm.

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