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Impulsive Rally Extends *RES 4:........>

SILVER TECHS
SILVER TECHS: Impulsive Rally Extends
*RES 4: $24.000 - Round number resistance
*RES 3: $23.239 - 2.000 projection of Mar 18 - Apr 10 rally from Apr 21 low
*RES 2: $23.088 - High Oct 2013
*RES 1: $22.837 - Intraday high
*PRICE: $22.472 @ 07:10 BST Jul 22
*SUP 1: $21.283 - Intraday low
*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 yesterday cleared the 2019 high of $19.650 confirming a resumption of the
underlying bull trend, and 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 $23.239 next. Today's low of $21.283 marks initial support.

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