YTD Highs Taken Out *RES 4: $17.704....>

SILVER TECHS: YTD Highs Taken Out

*RES 4: $17.704 - High Jan 25, 2018

*RES 3: $17.320 - High Jun 14 

*RES 2: $16.111 - Down trendline resistance from July 2016 highs 

*RES 1: $16.055 - Low May 1, now resistance 

*PRICE: $15.964 @ 06:12 GMT Jan 30 

*SUP 1: $15.184 - Low Jan 22 

*SUP 2: $15.001 - High Aug 28 

*SUP 3: $14.712 - 100-dma 

*SUP 4: $14.494 - Low Dec 14 

Silver has followed in gold's footsteps to break out into fresh ytd highs and

with momentum building the outlook is looking increasingly bullish. The May 1

low at $16.055 is the next upside target and a break above here would allow a

challenge of down trendline resistance from the 2016 highs. On the downside, the

Jan 22 low at $15.184 is the focus for the bears, below which would suggest a

bearish reversal, opening the Aug 28 high at $15.001.