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Consolidating *RES 4: $16.157 -........>

SILVER TECHS
SILVER TECHS: Consolidating
*RES 4: $16.157 - 61.8% retracement of the Feb 24 - Mar 18 decline
*RES 3: $15.988 - High Apr 10 and bull trigger
*RES 2: $15.599 - High Apr 16
*RES 1: $15.444 - High Apr 23
*PRICE: $15.198 @ 07:07 BST Apr 29
*SUP 1: $14.694 - Low Apr 22
*SUP 2: $14.547 - Low Apr 21 and key S/T support
*SUP 3: $14.245 - Low Apr 6
*SUP 4: $13.815 - 50.0% retracement of the rally between Mar 18 - Apr 10
Silver is unchanged and continues to consolidate. Last week, the metal bounced
off $14.547, Apr 21 low. The recovery is an early indication that the recent
corrective pull back may be over. While this support holds, the focus is on
potential for a climb towards key resistance at $15.988, Apr 10 high. A breach
would confirm a resumption of the bull run in place since Mar 18. Sub $14.547
levels would instead signal the return of bearish activity.

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