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Recovery Remains Corrective *RES 4:....>

SILVER TECHS
SILVER TECHS: Recovery Remains Corrective
*RES 4: $15.671 - High July 26 
*RES 3: $15.610 - High July 31 
*RES 2: $15.554 - High August 3 
*RES 1: $15.241 - 21-DMA 
*RES 1: $15.275 - Former Support Now Resistance 
*PRICE: $14.766 @ 04:12 GMT 
*SUP 1: $14.296 - Channel support 
*SUP 2: $14.000 - Support 
*SUP 3: $13.984 - Low August 26 2015 
*SUP 4: $13.648 - Low December 14 2015 
The recovery from the August 16 low has been impressive but appears to be
lacking impulse suggesting the focus will return to the lower boundary of the
major descending channel, currently intervening at the $14.296 level. A break
below $14.296 would trigger another bearish signal, opening the way to $13.648.
A recovery above $15.248/15.275 would be need to suggest near-term stability.

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