Consolidates Below Key Resistance......>

SILVER TECHS: Consolidates Below Key Resistance

*RES 4: $19.001 - 76.4% retracement of Sep 4 - Oct 1 decline

*RES 3: $18.746 - High Sep 24 and key resistance

*RES 2: $18.598 - 61.8% retracement of Sep 4 - Oct 1 decline

*RES 1: $18.338 - High Oct 25

*PRICE: $18.048 @ 07:14 GMT Nov 5

*SUP 1: $17.592 - Low Oct 30

*SUP 2: $17.519 - Trendline support drawn off Oct 1 low

*SUP 3: $17.168 - Low Oct 16

*SUP 4: $16.891 - Low Oct 1 and primary support

Silver stalled at the high of $18.338 on Oct 25, leaving the metal exposed to a

potential pullback near-term towards trendline support drawn off Oct 1 low that

intersects at $17.519 today. A break here would expose $17.168. For this outcome

to remain a possibility, the metal will need to hold below resistance at

$18.338, Oct 25 high. A failure, would represent a bullish development and

instead open $18.746, Sep 24 high.