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Pausing for breath at $17 *RES 4:......>

SILVER TECHS
SILVER TECHS: Pausing for breath at $17
*RES 4: $18.218 - High Sep 8 2017
*RES 3: $17.704 - High Jan 25 2018
*RES 2: $17.357 - High Apr 19 2018
*RES 1: $17.249 - High Aug 7 and bull trigger
*PRICE: $16.871 @ 07:35 BST Aug 12
*SUP 1: $16.660 - High Jul 25 and former bull trigger
*SUP 2: $16.441 - Low Aug 7
*SUP 3: $16.358 - Trendline support drawn off Jul 12 low
*SUP 4: $16.121 - Low Aug 5
After a huge move higher on Wed, silver fell back through the psychological $17
level last Thursday and continues to flirt with the level. A pullback will be
viewed as a correction with the underlying bull trend still intact. 16.660
represents a strong support and a break of this level would be required to
suggest potential for a deeper retracement that would open trendline support at
16.358. On the upside, a break above 17.249 confirms a resumption of the trend.

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