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SPOT SILVER: Bearish outlook *RES 4:...>

SILVER TECHS
SILVER TECHS: SPOT SILVER: Bearish outlook
*RES 4: $18.803 - High Sep 6
*RES 3: $18.471 - High Sep 12 and key resistance
*RES 2: $18.194 - High Sep 13
*RES 1: $18.100 - High Sep 17
*PRICE: $17.901 @ 06:03 BST Sep 18
*SUP 1: $17.400 - Low Sep 13 and bear trigger
*SUP 2: $16.970 - 50% retracement of the May 28 - Sep 4 rally
*SUP 3: $16.853 - Low Aug 19
*SUP 4: $16.540 - Low Aug 13
Silver remains bearish. Friday saw the metal trade to a low of $17.400,
extending the recent sharp reversal in prices and more importantly confirmed a
break of trendline support drawn off Jul 12 low. This weeks recovery is being
viewed as a correction with firm near-term resistance at Friday's $18.194 high
ahead of $18.471, the high of Sep 12. The focus is on $17.400, a break would
open $16.853 next.

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