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Channel Bottom Taken Out *RES 4:.......>

SILVER TECHS
SILVER TECHS: Channel Bottom Taken Out
*RES 4: $15.343/334 - High Apr 9/100-dma 
*RES 3: $15.110 - High Apr 26 
*RES 2: $14.926 - 200-dma 
*RES 1: $14.783 - Down trendline resistance from Feb 20 high 
*PRICE: $14.426 @ 01:40 GMT May 20 
*SUP 1: $14.388 - Low May 17 
*SUP 2: $14.346 - Low Dec 6
*SUP 3: $14.054 - Low Nov 30 
*SUP 4: $13.897 - Low Nov 14 
Silver continues to post new ytd lows with bears now looking to target the Dec 6
low at $14.346 to bring the Nov 30 low at $14.054 into play. Below here would
put the focus on the multi year low at $13.897 seen on Nov 14. Bulls need to
recover down trendline resistance from the Feb 20 high which comes in at
$14.783. Above here would shift the outlook bullish opening the 200-dma at
$14.926.

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