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Trading above the bull channel top.....>

SILVER TECHS
SILVER TECHS: Trading above the bull channel top
*RES 4: $19.018 - High Nov 2016
*RES 3: $19.000 - Round number resistance
*RES 2: $18.657 - High Apr 2017
*RES 1: $18.513 - Intraday high
*PRICE: $18.489 @ 07:13 BST Aug 29
*SUP 1: $18.060 - Low Aug 28
*SUP 2: $17.635 - Low Aug 27
*SUP 3: $17.512 - High Aug 13 and former breakout level
*SUP 4: $17.440 - Low Aug 26
Silver maintains its underlying bullish tone following this weeks impulsive
rally extends. Price action is trading just above the top of it bull channel at
$18.387, drawn off the Jul 12 low. It is too early to tell whether this
technical level will provide strong enough resistance area to limit further
gains. For now though, the risk is for an extension higher with potential for a
climb towards $19.000 next. On the downside, initial support lies at $18.060.

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