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Trading Closer To The Lower End Of.....>

SILVER TECHS
SILVER TECHS: Trading Closer To The Lower End Of Its Range
*RES 4: $18.671 - High Feb 25
*RES 3: $18.211 - High Feb 26
*RES 2: $17.868 - High Feb 28
*RES 1: $17.607 - High Mar 6
*PRICE: $17.076 @ 07:10 GMT Mar 11
*SUP 1: $16.574 - Low Mar 9
*SUP 2: $16.395 - Low Feb 28 and the bear trigger
*SUP 3: $16.120 - Low Aug 5
*SUP 4: $15.924 - Low Aug and key support
Silver on Feb 28, tested the base of its range around the $16.530 handle. The
metal has been unable though to confirm a clear break of $17.500. This would
have signalled scope for stronger recovery within the range towards $18.000 and
the range top at $18.743 further out. On the downside, the focus is on $16.395,
the Feb 28 low and the key support. A break would confirm a range breakout and
represent an important bearish development.

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