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Stalls At Yesterday's High *RES 4:.....>

SILVER TECHS
SILVER TECHS: Stalls At Yesterday's High
*RES 4: $19.650 - High Sep 4
*RES 3: $18.860/913 - High Jan 8/ 76.4% retracement of Sep to Dec decline
*RES 2: $18.948 - High Feb 24
*RES 1: $18.671 - Intraday high
*PRICE: $18.272 @ 08:14 GMT Feb 25
*SUP 1: $18.155 - Low Feb 19
*SUP 2: $17.813 - 50-day EMA
*SUP 3: $17.686 - Low Feb 18
*SUP 4: $17.453 - Low Feb 13 and key support
Silver rallied yesterday to breach the Jan 8 high of $18.860 but failed to
follow through on these gains and appears to be under pressure this morning.
Initial technical warning signs suggest a near-term top has likely been put in
place and that a retracement of recent gains is possible S/T. If correct, scope
exists for a pullback towards $18.155 next, the Feb 19 low. On the upside, a
break of yesterday's high of $18.948 is required to resume the bull rally.

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