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SPOT SILVER: Fresh trend high *RES.....>

SILVER TECHS
SILVER TECHS: SPOT SILVER: Fresh trend high
*RES 4: $18.000 - Psychological round number
*RES 3: $17.704 - High Jan 25 2018
*RES 2: $17.512 - High Aug 13
*RES 1: $17.393 - High Aug 15
*PRICE: $17.624 @ 07:48 BST Aug 26
*SUP 1: $16.993/981 - Trendline support drawn off the Jul 12 low / Low Aug 23
*SUP 2: $16.540 - Low Aug 13 and key support
*SUP 3: $16.358 - Low Aug 6
*SUP 4: $16.122 - Low Aug 5
Silver maintains its underlying bullish tone. The price sequence of higher highs
and higher lows continues to dominate and while this holds, the focus is on
further gains. The break to fresh trend highs today has also confirmed a
resumption of the uptrend. Potential is for a climb towards $18.00 next and
$18.188, a Fibonacci projection. On the downside, initial support lies at
$16.981 ahead of the key level at $15.540, the Aug 13 low.

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