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Downtrend Channel Intact *RES 4:.......>

SILVER TECHS
SILVER TECHS: Downtrend Channel Intact
*RES 4: $15.640         - High Mar 21
*RES 3: $15.343/3572    - High Apr 9/100-dma
*RES 2: $15.110         - High Apr 26
*RES 1: $14.870/935/980 - Down trendline resistance/200-dma/High May 3
*PRICE: $14.792         @ 05:32 GMT May 16
*SUP 1: $14.616         - Low May 13
*SUP 2: $14.555         - Low May 3
*SUP 3: $14.444         - 76.4% retracement of Nov-Feb rally
*SUP 4: $14.054         - Low Nov 30
Silver topped out ahead of $14.860 yesterday, respecting the recent range and
keeping broader focus on the downtrend channel. Bears look for a break below
Monday's low at $14.616 to bring the May 3 low at $14.555 back into play. Below
here would open the 76.4% retracement at $14.444. Bulls need to recover down
trendline resistance/the 200-dma/and the May 3 high at $14.870/935/980. Above
here would shift the outlook bullish opening the April 26 high at $15.110.

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