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SPOT SILVER: Trading at the channel....>

SILVER TECHS
SILVER TECHS: SPOT SILVER: Trading at the channel top
*RES 4: $19.018 - High Nov 2016
*RES 3: $19.000 - Round number resistance
*RES 2: $18.657/8 - High Apr 2017 / High Aug 29
*RES 1: $18.573 - Bull channel top drawn off the Jul 12 low
*PRICE: $18.487 @ 07:18 BST Sep 3
*SUP 1: $18.052 - Low Aug 29
*SUP 2: $17.635 - Low Aug 27
*SUP 3: $17.512 - High Aug 13 and former breakout level
*SUP 4: $17.344 - Bull channel base drawn off the Jul 12 low
Silver maintains its underlying bullish tone following recent gains. Price
action continues to trade around the top of its bull channel at $18.573 drawn
off the Jul 12 low. Although the channel top has been probed, it is too early to
tell whether this technical level will provide a strong enough resistance area
to limit gains. For now though, the risk is for an extension higher with scope
for $19.000 next. On the downside, initial support lies at $18.060.

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