Holding Above $14.547 *RES 4:..........>

SILVER TECHS: Holding Above $14.547

*RES 4: $16.157 - 61.8% retracement of the Feb 24 - Mar 18 decline

*RES 3: $15.988 - High Apr 10 and bull trigger

*RES 2: $15.599 - High Apr 16

*RES 1: $15.444 - High Apr 23

*PRICE: $15.311 @ 07:13 BST Apr 27

*SUP 1: $14.978 - Low Apr 23

*SUP 2: $14.547 - Low Apr 21 and key S/T support

*SUP 3: $14.245 - Low Apr 6

*SUP 4: $13.815 - 50.0% retracement of the rally between Mar 18 - Apr 10

Silver last week bounced off $14.547, Apr 21 low. The recovery is an early

indication that the recent corrective pull back may be over. While this support

holds, the focus shifts once again to the potential for a climb towards key

resistance at $15.988, Apr 10 high. A breach of this level would confirm a

resumption of the bull run that has been in place since Mar 18. On the downside,

sub $14.547 levels would instead signal the return of bearish activity.