MAY SILVER

Resist: 32.05, 32.40*, 33.50*
Supprt: 31.04-, 30.62*
Comment: The market is bearish and last week’s downturn from flagging corrections still targets a bear wave to test against the 30.62* weekly support level. A close under 30.62* alerts for a larger bear wave under 29.48-. We may again see another sideways consolidation day, but narrow congestion will remain setup to resume selloffs. Only a close over 32.40* is needed to boost retracements back over 32.95+.