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Downtrend Intact *RES 4: $15.825 -.....>

SILVER TECHS
SILVER TECHS: Downtrend Intact
*RES 4: $15.825 - High Feb 27 
*RES 3: $15.640 - High Mar 21 
*RES 2: $15.343/294 - High Apr 9/55-dma 
*RES 1: $15.110 - High Apr 26 
*PRICE: $14.920 @ 06:20 GMT May 1
*SUP 1: $14.754 - Low Apr 23 
*SUP 2: $14.690 - Channel support from March 8 low 
*SUP 3: $14.444 - 76.4% retracement of Nov-Feb rally 
*SUP 4: $13.897 - Low Nov 14 
Silver has seen some choppy trading around the $15 level over recent sessions
but the broader bearish trend remains intact. A break below the April 23 low at
$14.745 would likely reignite downside momentum towards channel support at
$14.69 and the 76.4% retracement of the Nov-Feb rally at $14.44. Bulls look to
recover Friday's high at $15.110 to improve the outlook and target the April 9
high/55-dma at $15.343/294.

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