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Demand Falls 2.7% on the Week


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SILVER TECHS: Bulls Need Close Above Channel Top
*RES 4: $16.731 - Hourly resistance Mar 7
*RES 3: $16.528 - Daily Bear channel top off 2018 high
*RES 2: $16.495 - High Mar 16
*RES 1: $16.356 - High Mar 19
*PRICE: $16.250 @ 0400GMT
*SUP 1: $16.100 - 2018 Low Mar 20
*SUP 2: $16.007 - Low Dec 18
*SUP 3: $15.612 - Monthly Low Dec 13
*SUP 4: $15.358 - Daily Bear channel base
*COMMENTARY: A lack of follow through above the 21-DMA ($16.480) last week
resulted in a sell-off Friday and fresh 2018 lows Tuesday. Follow through has
been lacking so far but bears now focus on $15.358-612 where the bear channel
base and Dec lows are noted. Initial resistance is noted at $16.350 but bulls
need a close above the bear channel top to ease bearish pressure and above
$17.030 to target 2018 highs.

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