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Range Lows Holding For Now *RES 4:.....>

SILVER TECHS: Range Lows Holding For Now
*RES 4: $16.456 - Low May 1 
*RES 3: $16.217 - High Jul 9 
*RES 2: $16.000 - Resistance 
*RES 1: $15.875 - High Jan 4 
*PRICE: $15.608 @ 06:22 GMT Jan 16 
*SUP 1: $15.506 - Low Jan 8 
*SUP 2: $15.346 - 200-dma 
*SUP 3: $15.001 - High Aug 28 
*SUP 4: $14.569 - 100-dma 
Bulls continue to cling to the $15.55 level which keeps the pennant pattern in
place. Upside focus remains on the $15.75 level which holds down trendline
resistance from the Jan 4 highs. A break above here would trigger a bullish
continuation pattern, opening a move to the $16.00 area. Bears need to take out
the Jan 8 low at $15.506 to suggest a return to the 200-dma which comes in at
$15.346. Below here is would open the Aug 28 high at $15.001.

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