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Momentum Fades *RES 4: $16.456 - Low...>

SILVER TECHS
SILVER TECHS: Momentum Fades
*RES 4: $16.456 - Low May 1 
*RES 3: $15.476 - 200-dma 
*RES 2: $15.001 - High Aug 28 
*RES 1: $14.915 - High Nov 2 
*PRICE: $14.570 @ 06:21 GMT 
*SUP 1: $14.054 - Low Nov 30 
*SUP 2: $13.897 - Low Nov 14 
*SUP 3: $13.648 - Low Dec 15 2015 
*SUP 4: $13.000 - Support 
Silver's recovery hit a wall on Friday which prevented a bullish break out and
saw the metal return to the centre of its multi month trading range. A break
above the $14.915 range top is needed to trigger a double bottom formation.
Above here lies the Aug 28 high at $15.001. Bears need to break back below the
50-dma at $14.471 to shift the focus back on the Nov 30 low at $14.054. Below
here would allow a challenge of the Nov 14 ytd low at $13.897.

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