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SPOT SILVER: Bullish Break *RES 3:......>

COMMODITIES
COMMODITIES: SPOT SILVER: Bullish Break
*RES 3: $16.456 - Low May 1
*RES 3: $16.217 - High Jul 9
*RES 2: $15.800 - 50% of Dec range
*RES 1: $15.671 - High Jul 26
*PRICE: $15.461 @ 10:43 GMT Dec 31
*SUP 1: $15.001 - High Aug 28
*SUP 2: $14.915 - High Nov 2
*SUP 3: $14.054 - Low Nov 30
*SUP 4: $13.897 - Low Nov 14
Having closed above the 200-dma on Friday, silver extended the rally to post
4-month highs. Bulls focus turns to the July 26 high at $15.671, above here
opens a run at the 50% retracement level of the Dec range at $15.800. Bears need
to break back below the 200-dma & $15.000 level to shift the focus back on the
50-dma at $14.550.

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