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SPOT SILVER: 100-DMA Limits Upside.....>

SILVER TECHS
SILVER TECHS: SPOT SILVER: 100-DMA Limits Upside
*RES 4: $15.640 - High March 21
*RES 3: $15.170 - 100-dma
*RES 2: $15.154 - High Jun 7
*SUP 1: $15.021 - Intraday high
*PRICE: $15.012 @ 07:12 GMT Jun 17
*SUP 1: $14.743 - Low Jun 13
*SUP 2: $14.649 - N/T Pivot Point
*SUP 3: $14.444 - 76.4% retracement of $13.897-16.216
*SUP 4: $14.294 - Low May 28
The sharp spike higher at the end of last week failed to overcome the 100-DMA at
$15.160, triggering a reversal lower. Silver also failed to close above the
200-DMA, which will be taken as an important medium term signal, suggesting a
lack of bullish sustainability. Trend and momentum indicators after generating
some positive signals at the end of last week are starting to falter once again.
A break below $14.743 would trigger a renewed bearish signal.

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