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Holding Above Support *RES 4:..........>

SILVER TECHS
SILVER TECHS: Holding Above Support
*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: $14.905 @ 09:34 BST May 1
*SUP 1: $14.650 - Low Apr 30
*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 traded lower yesterday, For now however, the metal is still
consolidating. Last week, price bounced off $14.547, Apr 21 low. The recovery is
an early indication that the recent corrective pullback between Apr 10 - 21 may
be over. While this support holds, the focus is on the potential for gains
towards key resistance at $15.988, Apr 10 high. A break would confirm a
resumption of the uptrend. Sub $14.547 levels would instead be bearish.

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