Bullish Conditions Intact

• RES 4: $26.941 - 50.0% retracement of the Feb 1 - Mar 31 sell-off
• RES 3: $26.636 - High Mar 18 and firm near-term resistance
• RES 2: $26.318 - High Mar 19
• RES 1: $26.304 - High Apr 16
• PRICE: $26.093 @ 07:23 BST Apr 21
• SUP 1: $25.199 - Low Apr 14
• SUP 2: $24.686 - Low Apr 13 and a key support handle
• SUP 3: $23.781 - Low Mar 31
• SUP 4: $23.524 - Low Dec 7 and key near-term support

Silver short-term bullish conditions remain intact following last week's gains. The metal has breached the 50-day EMA and this places on hold a recent bearish focus. The break higher last week signals scope for gains towards $26.636, Mar 18 high and a key near-term resistance. A break of this hurdle would strengthen a bullish case. On the downside, key short-term support has been defined at $24.686, Apr 13 low.