Silver has continued yesterday’s impressive move higher, climbing another .80 this morning and is now nearing $37.70. Expect some resistance in the $37.80-$38 range. When silver neared $38 in April, the cartel capped silver in this range for several attempts, making this level of more interest now than it would be otherwise.
For now, while silver has been showing strong signs the past 3 days, it remains in its larger range trade of $33-$39. If silver can clear $38 and hold this level for 2 trading days however, we should see silver break out of this range and attack $40 next week.