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Bulls Need To Hold $14 On A Closing....>

SILVER TECHS
SILVER TECHS: Bulls Need To Hold $14 On A Closing Basis
*RES 4: $15.671 - High July 26 
*RES 3: $15.610 - High July 31 
*RES 2: $15.554 - High Aug 3 
*RES 1: $14.551 - 21-DMA 
*PRICE: $14.100 @ 06:35 GMT 
*SUP 1: $14.000 - Support 
*SUP 2: $13.648 - Low Dec 15 2015 
*SUP 3: $11.750 - Low Apr 21 2009 
*SUP 4: $8.4600 - Low Oct 31 2008 
Bulls managed to cling to the $14 level yesterday despite a brief break below
this level, but the downtrend remains firmly intact. A close below 14 would open
up new multi-year lows. The Dec 15 lows are the last line of defense ahead of a
potential return to levels not seen for almost a decade. Bulls need to defend
the $14 level and recover the 21-dma to look to mount a recovery.

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