SILVER TECHS: Clears Key Resistance

• RES 4: $26.222 - High Apr 18 2022 and a key resistance
• RES 3: $26.135 - High May 5 and bull trigger
• RES 2: $25.185 - 76.4% retracement of the May 5 - Jun 23 downleg
• RES 1: $24.903 - Intraday high
• PRICE: $24.722 @ 08:22 BST Jul 14
• SUP 1: $24.099 - Low Jul 13
• SUP 2: $23.353 - 20-day EMA
• SUP 3: $22.527 - Low Jul 6
• SUP 4: $22.111 - Low Jun 23 and the bear trigger

Silver maintains a firmer short-term tone and the metal traded higher again yesterday. Resistance at $24.530, the Jun 9 high, has been cleared. The break of this hurdle highlights a stronger short-term reversal and signals scope for gains above $25.00 towards $26.1350, the May 5 high and a key resistance. On the downside, initial firm support is seen at $23.353, the 20-day EMA.