MAY SILVER

Resist: 32.55, 32.95+, 33.55*

Supprt: 31.79, 31.45
Comment: Overall the market is bearish. Last week’s slip under 32.00- suggests a rejection of near term orrections. Suspect attempts to extend secondary selloffs and use a drop under 31.45 to rekindle the bear wave and release a wash to 30.60* support. Be alert for a bounce off 30.60*+/- on the first test. A close over 33.55* is necessary to mark a bottoming / bullish turnaround.