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Stuck in its Range *RES 4: $17.357 -...>

SILVER TECHS
SILVER TECHS: Stuck in its Range
*RES 4: $17.357 - High Apr 19 2018
*RES 3: $17.000 - Psychological round number
*RES 2: $16.967 - 1.618 projection of May 28-Jun 21 rally from Jul 5 low
*RES 1: $16.665 - High Jul 25
*PRICE: $16.481 @ 09:48 BST Aug 5
*SUP 1: $16.120 - Intraday low
*SUP 2: $15.924 - Low Aug 1
*SUP 3: $15.568 - High Jun 21 and former bull trigger
*SUP 4: $15.500 - Psychological level and Jul 17 low
While gold has been hitting new highs, silver remains stuck in its near-term
range and despite moving higher today has been unable to break above the July 25
high of $16.665. A break above here would initially put $16.967 in the spotlight
ahead of the psychological $17 level. To the downside, bears need to close below
the August 1 low of $15.924 to start to build momentum for a move lower.

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