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SILVER TECHS: Remains Bullish
*RES 4: $18.893 - 1.00 projection of Mar 18 - Apr 10 rally from Apr 21 low
*RES 3: $18.211 - Feb 26 high
*RES 2: $17.868 - High Feb 28
*RES 1: $17.625 - High May 20 and the bull trigger
*PRICE: $17.440 @ 06:47 BST May 29
*SUP 1: $16.735 - Low May 22
*SUP 2: $16.530 - Former range base
*SUP 3: $16.505 - 20-day EMA
*SUP 4: $15.988 - High Apr 10 and former breakout level
Silver maintains a bullish focus. A positive outlook follows recent strong gains
together with the break of $15.988, Apr 10 high on May 15. The metal also
recently moved above the $16.530 resistance in a convincing manner further
reinforcing the bullish cycle. $16.530 marked the base of a former range that
had contained price activity between September 2019 and March. The focus is on
$17.868 next, Feb 28 high. Initial firm support lies at $16.735.