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Hugging The Key Channel Support *RES...>

SILVER TECHS
SILVER TECHS: Hugging The Key Channel Support
*RES 4: $18.671 - High Feb 25
*RES 3: $18.382 - High Jun 1 and the bull trigger
*RES 2: $18.185 - High Jun 10
*RES 1: $17.754 - High Jun 12
*PRICE: $17.502 @ 06:59 BST Jun 19
*SUP 1: $17.387/16.955 - Channel support drawn off the Mar 18 low / Low Jun 15
*SUP 2: $16.735 - Low May 22 and a key support
*SUP 3: $16.752 - 50-day EMA
*SUP 4: $15.988 - High Apr 10
Silver is unchanged and remains in an uptrend. Attention this week has been on
the bull channel base drawn off the Mar 18 low. The channel base intersects at
$17.387 today and despite a brief probe this week, remains intact. A break
however would undermine the uptrend and signal scope for a deeper pullback. For
now with the uptrend in place, a break of $18.185 would signal a resumption of
bullish activity and target $18.382, Jun 1 high.

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