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Sharp Reversal Weighs *RES 4:..........>

SILVER TECHS
SILVER TECHS: Sharp Reversal Weighs
*RES 4: $19.602 - High Sep 5
*RES 3: $19.000 - Psychological round number
*RES 2: $18.860 - High Jan 6
*RES 1: $18.207 - High Jan 9
*PRICE: $17.875 @ 07:03 GMT Jan 10
*SUP 1: $17.801 - Low Jan 9
*SUP 2: $17.729 - Low Dec 26
*SUP 3: $17.695 - 50.0% retracement of the Dec 9 - Jan 8 rally
*SUP 4: $17.420 - 61.8% retracement of the Dec 9 - Jan 8 rally
Silver traded sharply lower off the day high of $18.860 Wednesday. This signals
a likely top in this market for now and the focus turns to support at $17.729,
Dec 26 low. A break of this level would reinforce the reversal threat and pave
the way for weakness towards $17.420, 61.8% retracement of the Dec 9 - Jan 8
rally. Initial resistance is at $18.207 with key resistance defined at $18.860.

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