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Channel Support Holds *RES 4:..........>

SILVER TECHS
SILVER TECHS: Channel Support Holds
*RES 4: $18.671 - High Feb 25
*RES 3: $18.382 - High Jun 1 and the bull trigger
*RES 2: $18.185 - High Jun 10
*RES 1: $17.754 - High Jun 12
*PRICE: $17.375 @ 06:50 BST Jun 16
*SUP 1: $17.128/16.955 - Channel support drawn off the Mar 18 low/ Low Jun 15
*SUP 2: $16.735 - Low May 22 and a key support
*SUP 3: $16.666 - 50-day EMA
*SUP 4: $15.988 - High Apr 10
Although still trading below recent highs, Silver maintains a bullish focus.
Attention yesterday was on the bull channel base drawn off the Mar 18 low. The
channel base is at $17.128 today and despite a brief probe yesterday, remains
intact. A break however would undermine the uptrend and signal scope for a
deeper pullback. For now, the uptrend remains in place. A break of $18.185 would
signal a resumption of bullish activity and open $18.382, Jun 1 high.

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