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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 - High Mar 17
*PRICE: $12.035 @ 07:23 GMT Mar 19
*SUP 1: $11.000 - Round number support
*SUP 2: $10.333 - Low Jan 2009
*SUP 3: $10.000 - Psychological round number
*SUP 4: $9.1600 - Low Dec 2008
Silver is down sharply this week. 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 Mar 12 and the subsequent slide paves the way
for a deeper sell-off with the next objective at $11.000. Initial resistance is
at Tuesday's high of $13.246.

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