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SILVER TECHS: Holds above trendline support
*RES 4: $18.218 - High Sep 8 2017
*RES 3: $18.000 - Psychological round number
*RES 2: $17.704 - High Jan 25 2018
*RES 1: $17.512 - High Aug 13
*PRICE: $16.972 @ 07:20 BST Aug 20
*SUP 1: $16.731/540 - Trendline support drawn off the Jul 12 low / Low Aug 13
*SUP 2: $16.660 - High Jul 25
*SUP 3: $16.540 - Low Aug 13 and key support
*SUP 4: $16.358 - Low Aug 6
Silver traded in a more volatile manner last week, however the underlying
bullish tone remains intact with fresh highs registered last Wed. This maintains
the price sequence of higher highs and higher lows with the focus on 17.704, the
Jan 25, 2018 high. Initial resistance and the trigger for bulls is last
Tuesday's high of 17.512. Support lies at the trendline, today at 16.731 and
16.540, the Aug 13 low. A break would instead signal the start of a correction.