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(M2) Correction Extends


Late Session Rebound


(M2) Corrective Cycle Remains In Play


(M2) Gains Still Considered Corrective

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SILVER TECHS: Uptrend Resumes
*RES 4: $17.000 - Round number resistance
*RES 3: $16.923 - High Apr 10 and bull trigger
*RES 2: $16.530 - Former range base
*RES 1: $16.400 - Low Feb 28
*PRICE: $16.221 @ 07:03 BST May 15
*SUP 1: $15.788 - Low May 15
*SUP 2: $15.449 - Low Apr 14
*SUP 3: $15.226 - Low May 8 and key near-term support
*SUP 4: $14.650 - Low Apr 30
Silver is rallying and has today traded through key resistance at $15.99, Apr 10
high. The break higher confirms a resumption of the uptrend that has been in
place Mar 18 and clears the way for a climb towards $16.400, Feb 28 low and a
former breakout level. Note too that the $16.5300 area marks the base of a
former broad range. A break above this level would further reinforce bullish
conditions. $15.788 is initial support, yesterday's low.

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