Focus Is On Trendline Support *RES.....>

SILVER TECHS: Focus Is On Trendline Support

*RES 4: $19.001 - 76.4% retracement of Sep 4 - Oct 1 decline

*RES 3: $18.746 - High Sep 24 and key resistance

*RES 2: $18.598 - 61.8% retracement of Sep 4 - Oct 1 decline

*RES 1: $18.338 - High Oct 25

*PRICE: $17.941 @ 07:20 BST Oct 31

*SUP 1: $17.592 - Low Oct 30

*SUP 2: $17.444 - Trendline support drawn off Oct 1 low

*SUP 3: $17.168 - Low Oct 16

*SUP 4: $16.891 - Low Oct 1 and primary support

Silver stalled at the high of $18.338 on Oct 25 leaving the metal exposed to a

potential pullback near-term towards trendline support drawn off Oct 1 low that

intersects at $17.444 today. A break of this support is required to signal scope

for a deeper pullback and perhaps even a resumption of bearish behaviour. This

would open $17.168, Oct 16 low. Clearance of resistance at $18.338 is needed to

confirm a resumption of gains.