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Probes Channel Resistance *RES 4:......>

SILVER TECHS
SILVER TECHS: Probes Channel Resistance
*RES 4: $18.225 - High Nov 4
*RES 3: $18.093 - High Nov 5
*RES 2: $18.000 - Round number resistance
*RES 1: $17.588/651 - Channel top drawn off Sep 24 high / Intraday high
*PRICE: $17.579 @ 06:54 GMT Dec 24
*SUP 1: $17.173 - Low Dec 23
*SUP 2: $16.887 - Low Dec 18 and key support
*SUP 3: $16.773 - Low Dec 12
*SUP 4: $16.530 - Low Dec 9 and bear trigger
Silver is firmer again today, extending the current recovery that started off
the Dec 9 low. The focus is on channel resistance drawn off the Sep 24 high that
intersects at $17.588 today that has been probed overnight. A clear break of the
channel top would represent an important technical breach and potentially signal
a stronger reversal. This would open $18.000 and above towards $18.334, Oct 25
high. Firm trend support lies at $16.887, Dec 18 low.

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