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Still trading at the channel top.......>

SILVER TECHS
SILVER TECHS: Still trading at the channel top
*RES 4: $17.000 - Psychological round number
*RES 3: $16.967 - 1.618 projection of May 28-Jun 21 rally from Jul 5 low
*RES 2: $16.630 - High Jul 18, 2018
*RES 1: $16.593/658 - High Jul 19 and Jul 24
*PRICE: $16.503 @ 06:26 BST Jul 25
*SUP 1: $16.058 - Low Jul 19
*SUP 2: $15.926 - Low Jul 18
*SUP 3: $15.568 - High Jun 21 and former bull trigger
*SUP 4: $15.315 - Low Jul 16
Silver remains bullish following last weeks impulsive rally. The break of former
resistance on Jul 16 at $15.568, the Jun 21 high, confirmed a resumption of the
uptrend. Note however that Silver is trading at the top of a broad bull channel
drawn off the low of Nov 14, 2018. The top is at $16.546 today. A clear break
above last Friday's high of $16.593 is needed to signal the next phase higher in
the metal. This would open $16.630. Initial support lies at $16.058.

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