MAY SILVER

Resist: 32.75-32.78, 33.27-33.55*
Supprt: 32.15-32.00, 31.45
Comment: Overall the market is bearish with near term trade working through a correction, but stalling below the 33.55* key resistance level. A close over 33.55* is necessary to mark a bottoming / bullish turnaround. If trade remains contained by 33.55*, suspect a slip back to defensive congestion. A roll off through 31.45 is needed to release secondary selloffs to reach for weekly support at 30.62*.