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SPOT SILVER: Testing Channel Support...>

SILVER TECHS
SILVER TECHS: SPOT SILVER: Testing Channel Support
*RES 4: $15.671 - High July 26 
*RES 3: $15.610 - High July 31 
*RES 2: $15.554 - High August 3 
*RES 1: $15.398 - 21-DMA 
*RES 1: $15.275 - Former Support Now Resistance
*PRICE: $14.628 @ 09:18 GMT 
*SUP 1: $14.296 - Channel support 
*SUP 2: $14.000 - Support
*SUP 3: $13.984 - Low August 26 2015 
*SUP 3: $13.648 - Low December 14 2015
Silver has accelerated its decline to test the lower boundary of the major
descending channel, currently intervening at the 14.296 level. An initial
rebound from here has been seen, but gains would have to recovery above
15.248/15.275 to suggest near-term stability, failure keeps the pressure on the
downside. A break below 14.296 puts the focus on 13.648.

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