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SPOT SILVER: 50-DMA Capping Gains......>

SILVER TECHS
SILVER TECHS: SPOT SILVER: 50-DMA Capping Gains
*RES 4: $16.216 - High Feb 20 
*RES 3: $15.997 - High Feb 27 
*RES 2: $15.793 - KEY Resistance
*RES 1: $15.588 - 50-dma
*PRICE: $15.508 @ 19:50 GMT Mar 20 
*SUP 1: $15.140/104 - Low March 14/200-dma 
*SUP 2: $14.969 - Low Mar 8 
*SUP 3: $14.915 - High Nov 2 
*SUP 4: $14.782/719 - 61.8% retracement/Low Dec 26 
Silver has attempted to rebound, but key resistance is just ahead at the 50-dma,
currently at $15.588, and the $15.793 resistance. Gains above here would be
needed to develop a more constructive technical picture, putting the focus back
on the February $16.216 peak. However, trend indicators are giving mixed
signals, while momentum indicators have yet to confirm any bullishness. Holding
above initial support at 15.275 is now essential to maintain recovery hopes.

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