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Pressuring Trendline Support *RES 4:...>

SILVER TECHS
SILVER TECHS: Pressuring Trendline Support
*RES 4: $18.746 - High Sep 24 and key resistance
*RES 3: $18.598 - 61.8% retracement of Sep 4 - Oct 1 decline
*RES 2: $18.338 - High Oct 25 and key resistance
*RES 1: $18.228 - High Nov 4
*PRICE: $17.538 @ 06:38 GMT Nov 6
*SUP 1: $17.592 - Low Oct 30
*SUP 2: $17.519 - Trendline support drawn off Oct 1 low
*SUP 3: $17.168 - Low Oct 16
*SUP 4: $16.891 - Low Oct 1 and primary support
Silver sold off sharply yesterday. This has resulted in a test of trendline
support drawn off Oct 1 low. The line intersects at $17.545 today. A clear break
of trendline support would further reinforce the potential bearish significance
of this weeks sell-off and open $17.168, Oct 16 low. A breach would also warn of
a broader sell-off and expose the Oct 1 low of $16.891. Initial resistance is at
Monday's high of $18.228.

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