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Trading at the channel top *RES 4:.....>

SILVER TECHS
SILVER TECHS: Trading at the channel top
*RES 4: $17.456 - 2.00 projection of May 28-Jun 21 rally from Jul 5 low
*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: $16.660 - High Jul 25
*PRICE: $16.380 @ 06:58 BST Jul 26
*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 still trading at the top of a broad bull
channel drawn off the low of Nov 14, 2018. The top is at $16.549 today. A clear
break above last Friday's high of $16.593 is needed to signal the next phase
higher in the metal and open $16.630. Initial support lies at $16.058.

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