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Off Recent Highs But Remains Bullish...>

SILVER TECHS
SILVER TECHS: Off Recent Highs But Remains Bullish
*RES 4: $18.893 - 1.00 projection of Mar 18 - Apr 10 rally from Apr 21 low
*RES 3: $18.211 - Feb 26 high
*RES 2: $17.868 - High Feb 28
*RES 1: $17.625 - High May 20 and the bull trigger
*PRICE: $17.025 @ 06:50 BST May 27
*SUP 1: $16.735 - Low May 22
*SUP 2: $16.530 - Former range base
*SUP 3: $16.240 - 20-day EMA
*SUP 4: $15.788 - Low May 15
Silver is off recent highs but maintains a bullish tone. A positive outlook
follows recent strong gains together with the break of $15.988, Apr 10 high. The
metal also recently moved above the $16.530 resistance in a convincing manner
further reinforcing the bullish cycle. $16.530 marked the base of a former range
that had contained price activity between September 2019 and March. The focus is
on $17.868 next, Feb 28 high. Initial firm support lies at $16.735.

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