SILVER TECHS: Support Remains Exposed

* RES 4: $76.158 - 61.8% retracement of the May 13 - Jul 17 bear leg * RES 3: $74.131 - High Jun 5 * RES 2: $72.076 - 50.0% retracement of the May 13 - Jul 17 bear leg * RES 1: $71.142 - High Aug 28 and the bull trigger * PRICE: $65.700 @ 08:27 BST Sep 23 * SUP 1: $62.313/62.029 - Low Sep 16 / 61.8% of Jul 17-Aug 28 upleg * SUP 2: $54.778 - Low Jul 17 and bear trigger * SUP 3: $52.577 - 1.000 proj of the Mar 2 - 23 - May 13 price swing * SUP 4: $50.000 - Psychological round number Recent weakness in Silver appears to have been a correction. However, the metal has traded through support around the 50-day EMA, currently at $64.954. The break of the EMA does signal scope for a deeper retracement and if bearish price action resumes, this would open $61.029, a Fibonacci retracement point. Key S/T resistance has been defined at $71.142, the Aug 28 high. Clearance of this hurdle would confirm a resumption of the bull leg.