Resumes its uptrend *RES 4: $16.008....>

SILVER TECHS: Resumes its uptrend

*RES 4: $16.008 - High Feb 25

*RES 3: $15.967 - High Feb 27

*RES 2: $15.766 - 76.4% retracement the sell-off between May 28-Jun 21

*RES 1: $15.699 - High Jul 16

*PRICE: $15.647 @ 07:19 BST Jul 17

*SUP 1: $15.523 - Intraday low

*SUP 2: $15.315 - Low Jul 16

*SUP 3: $15.165 - Low Jul 15

*SUP 4: $15.054 - Low Jul 12

Silver has resumed its uptrend with a strong rally resulting in a break of

former resistance at $15.568, the Jun 21 high. This follows a recovery off 50%

of the May 28-Jun 21 rally at $14.928 and a break of a trendline resistance

drawn off the Jun 21 high. With bulls back in charge, the focus is on $15.766,

the 76.4% retracement of the Feb 20-May 28 decline. A break here would open the

$16.000 handle. Initial support is at $15.523.