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Sharp Slide Weighs *RES 4: $15.883 -...>

SILVER TECHS
SILVER TECHS: Sharp Slide Weighs
*RES 4: $15.883 - High Mar 13
*RES 3: $15.153 - High Mar 16
*RES 2: $14.000 - Round number resistance
*RES 1: $13.246 - Intraday high
*PRICE: $12.739 @ 07:04 GMT Mar 17
*SUP 1: $11.805 - Low Mar 16
*SUP 2: $11.765 - Low Apr 2009
*SUP 3: $11.000 - Round number support
*SUP 4: $10.333 - Low Jan 2009
Silver was down sharply again yesterday. The bearish theme remains clearly
intact now that price has breached the former key support at $16.530, Dec 9 low
marking the base of a broad range the metal has traded within since late Sep
last year. The breach of $16.395, Feb 28 low on Thursday and the subsequent
slide paves the way for a deeper sell-off with the next objective at $11.765.
Initial resistance is today's intraday high of $13.246.

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