Resist: 1651.80-1655.00, 1674.00, 1689.80+
Supprt: 1639.30*-, 1620.90, 1604.50-
Comment: The market has slipped against key 1639.30* support and vacillating point between bull / bear trend forces. A bounce off 1639.30* hints for rallies, but a surge over 1681.50 is needed to drive rallies up to 1689.80-1701.20. A close under 1639* will rekindle bear forces, releasing selloffs to attack the last 1613 swing low as well as leave trade vulnerable to declines under 1600-.
MAY SILVER
Resist: 31.95, 32.40*, 33.50*
Supprt: 31.15-30.99, 30.62*
Comment: The market is still in a bear formation and downturn from flagging corrections still targets a selling wave to test against the 30.62* weekly support level. Use a drop under the congestion lows to release pressing declines against 30.62*. A close over 32.40* triggers a bull turn and should boost retracements back over 33.00+, likely sending a climb to challenge 33.50* for a larger upturn.
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