Clears The 2019 High *RES 4: $21.578...>

SILVER TECHS: Clears The 2019 High

*RES 4: $21.578 - 1.618 projection of Mar 18 - Apr 10 rally from Apr 21 low

*RES 3: $21.065 -1.500 projection of Mar 18 - Apr 10 rally from Apr 21 low

*RES 2: $20.553 -1.236 projection of Mar 18 - Apr 10 rally from Apr 21 low

*RES 1: $20.433 - Intraday high

*PRICE: $20.296 @ 07:22 BST Jul 21

*SUP 1: $19.851 - Low Jul 21

*SUP 2: $18.932 - Low Jul 17

*SUP 3: $18.653 - 20-day EMA

*SUP 4: $18.487 - Low Jul 9

Silver is rallying as bulls remain firmly in charge. The metal has cleared the

2019 high of $19.650 confirming a resumption of the underlying bull trend and

maintains the positive price sequence of higher highs and higher lows. Moving

average and momentum studies are in a bull mode reinforcing underlying

conditions although note that the trend is overbought. The focus is on $20.553

next, a Fibonacci retracement. Today's low of $19.851 marks initial support.