Consolidating *RES 4: $17.623 -........>

SILVER TECHS: Consolidating

*RES 4: $17.623 - Channel top drawn off Sep 24 high

*RES 3: $17.671 - High Nov 7

*RES 2: $17.326 - High Dec 4 and key resistance

*RES 1: $17.127 - High Dec 19

*PRICE: $17.077 @ 06:58 GMT Dec 20

*SUP 1: $16.773 - Low Dec 12

*SUP 2: $16.530 - Low Dec 9 and bear trigger

*SUP 3: $16.340 - 61.8% retracement of May 28 - Sep 4 rally

*SUP 4: $15.867 - Bear channel base drawn off the Sep 24 high

Silver holds onto recent gains. The outlook though remains bearish and recent

gains are considered corrective. The break lower Dec 6 confirmed a resumption of

the downtrend and defined a key resistance at $17.326, Dec 4 high where a break

is required to alter the picture. A move lower would refocus attention on

$16.530, Dec 9 low where a break would confirm a resumption of the downtrend.

Clearance of $17.326 would instead expose the bear channel top.