Extends Its Recent Bounce *RES 4:......>

SILVER TECHS: Extends Its Recent Bounce

*RES 4: $19.000 - Psychological round number

*RES 3: $18.860 - High Jan 6 and key resistance

*RES 2: $18.564 - 76.4% retracement of the Jan 8 - Jan 23 decline

*RES 1: $18.381 - 61.8% retracement of the Jan 8 - Jan 23 decline

*PRICE: $18.175 @ 07:13 GMT Jan 27

*SUP 1: $17.606 - Low Jan 24 and bear trigger

*SUP 2: $17.420 - 61.8% retracement of the Dec 9 - Jan 8 rally

*SUP 3: $17.173 - Low Dec 23

*SUP 4: $17.080 - 76.4% retracement of the Dec 9 - Jan 8 rally

Silver spiked higher overnight although it has found resistance at its high of

$18.367. The focus for now is on $18.381, the 618% retracement of the Jan 8 -

Jan 23 decline. A break would undermine the recent bearish focus and instead

signal scope for an extension higher towards $18.564, the 76.4% retracement

ahead of $18.860, the Jan 8 high. On the downside, key support is still at

$17.606, Jan 23 low.