Heading North With Trendline Support...>

SILVER TECHS: Heading North With Trendline Support Intact

*RES 4: $18.671 - High Feb 25

*RES 3: $18.382 - High Jun 1 and the bull trigger

*RES 2: $18.185 - High Jun 10

*RES 1: $17.998 - Intraday high

*PRICE: $17.889 @ 07:00 BST Jun 22

*SUP 1: $17.470/16.955 - Channel support drawn off the Mar 18 low / Low Jun 15

*SUP 2: $16.735 - Low May 22 and a key support

*SUP 3: $16.786 - 50-day EMA

*SUP 4: $15.988 - High Apr 10

Silver remains in an uptrend. Attention last week was on the bull channel base

drawn off the Mar 18 low. The channel base intersects at $17.470 today and

despite a brief probe last week, remains intact. A break of the trendline

however would undermine the uptrend and signal scope for a deeper pullback. For

now with the uptrend in place, the focus is on $18.185, Jun 10 high. A break

would signal a resumption of bullish activity and target $18.382, Jun 1 high.