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Impulsive Rally *RES 4: $18.893 -......>

SILVER TECHS
SILVER TECHS: Impulsive Rally
*RES 4: $18.893 - 1.00 projection of Mar 18 - Apr 10 rally from Apr 21 low
*RES 3: $18.000 - Round number resistance
*RES 2: $17.868 - High Feb 28
*RES 1: $17.607 - High Mar 9
*PRICE: $17.225 @ 07:02 BST May 18
*SUP 1: $16.679 - Intraday low
*SUP 2: $16.530 - Former range base
*SUP 3: $15.788 - Low May 15
*SUP 4: $15.788 - Low May 15
Silver continues to rally and has cleared former key resistance at $15.988, Apr
10 high. The metal has also moved above the $16.530 resistance in a convincing
manner further reinforcing the current bullish cycle. $16.530 marked the base of
a former range that had contained price activity between Sep 2019 and Mar. The
focus is on a move towards $17607 next, the Mar 9 high. The initial firm support
lies at $16.5300.

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