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Consolidating at its channel top.......>

SILVER TECHS
SILVER TECHS: Consolidating at its channel top
*RES 4: $17.456 - 2.00 projection of May 28-Jun 21 rally from Jul 5 low
*RES 3: $17.000 - Psychological round number
*RES 2: $16.967 - 1.618 projection of May 28-Jun 21 rally from Jul 5 low
*RES 1: $16.660 - High Jul 25
*PRICE: $16.422 @ 07:05 BST Jul 30
*SUP 1: $16.058 - Low Jul 19
*SUP 2: $15.926 - Low Jul 18
*SUP 3: $15.568 - High Jun 21 and former bull trigger
*SUP 4: $15.315 - Low Jul 16
Silver remains bullish following the recent strong impulsive rally. The break of
former resistance on Jul 16 at $15.568, the Jun 21 high confirmed a resumption
of the uptrend. Note however that Silver is still trading at the top of a broad
bull channel drawn off the Nov 14, 2018 low. The top is at $16.555 today. A
clear break above last weeks high of $16.660 is needed to signal the next leg
higher in the metal and open $16.967. Initial support lies at $16.058.

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