MAY SILVER

Resist: 33.43-33.55*
Supprt: 32.58, 32.05+/-, 31.45
Comment: Overall the market is bearish, but near term trade is attempting to extend corrections to test up around the 33.55* key resistance level. A close over 33.55* is necessary to mark a bottoming / bullish turnaround. If trade is contained by 33.55*, then suspect a slip back to defensive congestion, but a roll off through 31.45 is needed to release secondary selloffs to reach for weekly support at 30.62*.