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Last week we highlighted Silver's......>

SILVER TECHS
SILVER TECHS: Last week we highlighted Silver's bearish risk following the
failure to hold and close above the $18.743 level.
- Price subsequently traded down to $16.395 on Friday.
- Interestingly, price has recovered (for now at least) off Friday's low. This
highlights two possibilities.
- The first is that a potential range is developing. If this is the case,
traders looking to play the range will likely be viewing $16.395 as a key S/T
risk parameter, looking for a bounce towards $18.743 once again.
- Secondly, the move higher is just a correction. A break of Friday's low would
confirm a resumption of weakness and confirm a clear break of the December low.
$16.395 is a pivotal support.

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