MAY SILVER

Resist: 32.95+, 33.55*
Supprt: 32.15-32.12, 31.99, 31.45
Comment: Overall the market is bearish. Monday’s rebound started near term corrections that could extend into today. A close over 33.55* marks a bottoming turnaround. A rejection from 33.55* or another couple stalled congestion days under 32.95- could trigger secondary selloffs. Use a drop under 31.45 to rekindle the bear wave and release a wash to 30.62* support. Be alert for a bounce off 30.62*+/- on the first test.