Correcting *RES 4: $18.803 - High......>

SILVER TECHS: Correcting

*RES 4: $18.803 - High Sep 6

*RES 3: $18.792 - 61.7% retracement of Sep 4 - Sep 13 decline

*RES 2: $18.471 - High Sep 12 and key resistance

*RES 1: $18.360 - Intraday high

*PRICE: $18.318 @ 06:58 BST Sep 23

*SUP 1: $17.520 - Low Sep 18

*SUP 2: $17.400 - Low Sep 13 and bear trigger

*SUP 3: $16.970 - 50% retracement of the May 28 - Sep 4 rally

*SUP 4: $16.853 - Low Aug 19

Silver has started the week on a firm note. From a trend perspective though,

current gains are being viewed as a correction with bearish conditions still in

place and, key near-term resistance at $18.471 intact. Momentum studies remain

bearish. While prices trade below $18.471, the focus is on a retest of the low

of Sep 13 at $17.400. A break would confirm a resumption of the downtrend and

open $16.970. A move above $18.471 would change the picture.