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Range Base Under Pressure *RES 4:......>

SILVER TECHS
SILVER TECHS: Range Base Under Pressure
*RES 4: $18.671 - High Feb 25
*RES 3: $18.211 - High Feb 26
*RES 2: $17.868 - High Feb 28
*RES 1: $17.607 - High Mar 6
*PRICE: $16.618 @ 07:07 GMT Mar 12
*SUP 1: $16.458 - Intraday low
*SUP 2: $16.395 - Low Feb 28 and the bear trigger
*SUP 3: $16.120 - Low Aug 5
*SUP 4: $15.924 - Low Aug and key support
Silver on Feb 28, tested the base of its range around the $16.530 handle and has
done so again today. The metal has recently been unable to confirm a clear break
of $17.500. This would have signalled scope for stronger recovery within the
range towards $18.000 and the range top at $18.743 further out. Attention is on
$16.395, the Feb 28 low and the key support. A break would confirm a range
breakout and represent an important bearish development.

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