Heavy following trendline break *RES...>

SILVER TECHS: Heavy following trendline break

*RES 4: $15.643 - High March 21

*RES 3: $15.568 - High Jun 21 and key bull trigger

*RES 2: $15.471 - High Jul 3

*RES 1: $15.342 - High Jul 5

*PRICE: $15.065 @ 07:14 BST Jul 10

*SUP 1: $14.897 - Low Jul 5 and key bear trigger

*SUP 2: $14.777 - 61.8% retracement of the May 28-Jun 21 rally

*SUP 3: $14.730 - Low Jun 12

*SUP 4: $14.648 - Low Jun 10

Silver trendline support was breached last Friday and the metal retraced down to

the 50% level of the May 28-Jun 21 rally at $14.928. The break lower means the

metal remains vulnerable near term and Friday's low of $14.896 marks a key

short-term support and bear trigger. A break would open the 61.8% handle at

$14.777. On the upside, a recovery above $15.342, the Jul 4 high is required to

reinstate a more positive tone and open $15.568 once again.