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Downtrend Gathers Pace *RES 4:.........>

SILVER TECHS
SILVER TECHS: Downtrend Gathers Pace
*RES 4: $16.216 - High Feb 20 
*RES 3: $15.997 - High Feb 27 
*RES 2: $15.825 - High Feb 28 
*RES 1: $15.639/631 - High Mar 1/50-dma 
*PRICE: $15.219 @ 06:22 GMT Mar 4 
*SUP 1: $15.146/186 - Low Mar 1/200-dma
*SUP 2: $15.057/062 - 50% retracement/100-dma
*SUP 3: $14.915 - High Nov 2
*SUP 4: $14.719 - Low Dec 26
Silver hit new ytd lows on Friday briefly dipping below the 200-dma. Bears are
now firmly in control with a close below Friday's low bringing the 50%
retracement and 100-dma into focus. To stabilise the outlook bulls need to
recover Friday's high at $15.639 and the 50-dma which would bring the Feb high
back into focus.  

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