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Focus Shifts To The Upside *RES 4:.....>

SILVER TECHS
SILVER TECHS: Focus Shifts To The Upside
*RES 4: $17.831 - Channel top drawn off Sep 24 high
*RES 3: $17.623 - 61.8% retracement of Nov 4 - Nov 12 decline
*RES 2: $17.437 - 50.0% retracement of Nov 4 - Nov 12 decline
*RES 1: $17.251 - 38.2% retracement of Nov 4 - Nov 12 decline
*PRICE: $17.237 @ 07:25 GMT Dec 4
*SUP 1: $16.817 - Low Nov 26
*SUP 2: $16.649 - Low Nov 12 and bear trigger
*SUP 3: $16.540 - Low Aug 13
*SUP 4: $16.340 - 61.8% retracement of May 28 - Sep 4 rally
Silver rebounded yesterday and has today traded above resistance at $17.238, Nov
22 high. This has for now put on hold a bearish focus and attention turns to an
ability to extend gains near-term. A continued climb would open $17.672 ahead of
the key bear channel resistance at $17.831 if, a stronger impulsive rally is
achieved. On the downside, support lies at $16.817, Nov 26 low. A break would
reinstate a bearish focus and open the bear trigger at $16.649.

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