TheUpTrend.com Announces That it Has Initiated Technical Coverage of Western Silver Corporation (WTZ:AMEX)

- The current long term trend is currently down.
- This current down trend would come to an end, only with a weekly close above $10.60.
- Current Long Term Price Support is at $7.81, then $6.25.
- Current Long Term Price Resistance is at $9.38, then $10.94.
- Our daily Panic Zone chart is currently projecting that this current down move may end in the $7.50 - $8.00 area.
- This stock has developed a Long Term price base in the $5.90 - $6.90 area.

This analysis is based on closing data for the week of December 17, 2004. It will change as time passes, and new price data becomes available.

Company Profile
Western Silver Corporation is a publicly-traded mineral exploration company focused on discovering and developing silver properties in the Americas. The Company's primary project, the 100%-owned Peñasquito property in central Mexico, is emerging as a large silver-gold-lead-zinc district with significant exploration upside. Peñasquito has been independently confirmed as one of the world's largest undeveloped silver deposits and is one of the few bulk silver deposits that is economic at recent low metal prices. Western Silver also has an interest in the San Nicolas zinc-copper project with Teck Cominco and owns the Carmacks Copper project in the Yukon. The Company, which is internationally recognized for its technical ability, is listed on the American (AMEX:WTZ ) and Toronto ( TSX:WTC ) stock exchanges. For more information, please visit http://www.westernsilvercorp.com

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