Holding Onto Gains *RES 4: $24.642 -...>

SILVER TECHS: Holding Onto Gains

*RES 4: $24.642 - 2.236 projection of Mar 18 - Apr 10 rally from Apr 21 low

*RES 3: $24.000 - Round number resistance

*RES 2: $23.239 - 2.000 projection of Mar 18 - Apr 10 rally from Apr 21 low

*RES 1: $23.274 - Intraday high

*PRICE: $22.739 @ 07:08 BST Jul 23

*SUP 1: $21.283 - Low Jul 22

*SUP 2: $19.851 - Low Jul 21

*SUP 3: $18.932 - Low Jul 17

*SUP 4: $18.905 - 20-day EMA

Silver goes from strength to strength as bulls remain firmly in charge. The

metal has this week cleared the 2019 high of $19.650 confirming a resumption of

the underlying bull trend, and also maintains the positive price sequence of

higher highs and higher lows. MA and momentum studies are in a bull mode

reinforcing underlying conditions although note that the trend is overbought.

The focus is on $24.000 next. Yesterday's low of $21.283 marks initial support.