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Trading Above Trendline Support *RES...>

SILVER TECHS
SILVER TECHS: Trading Above Trendline Support
*RES 4: $18.671 - High Feb 25
*RES 3: $18.382 - High Jun 1 and the bull trigger
*RES 2: $18.185 - High Jun 10
*RES 1: $18.077 - Intraday high
*PRICE: $17.867 @ 07:07 BST Jun 24
*SUP 1: $17.642/17.312 - Channel support drawn off the Mar 18 low / Low Jun 18
*SUP 2: $16.995 - Low Jun 15
*SUP 3: $16.905 - 50-day EMA
*SUP 4: $16.735 - Low May 22
Silver remains in an uptrend. Attention is still on the bull channel base drawn
off the Mar 18 low. The channel base intersects at $17.642 today and despite a
brief probe last week, remains intact. A break of the trendline however would
undermine the uptrend and signal scope for a deeper pullback. For now with the
uptrend in place, the focus is on $18.185, Jun 10 high. A break would signal a
resumption of bullish activity and target $18.382, Jun 1 high.

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