[/caption] Silver showed support at 33.03 as the swing low, many buyers stepped in at the $34 mark. $37-38 is providing some resistance on the retracement. $39.50 is the next area of resistance and then $41.50 which about a 50 % re tracement of this past weeks price action. Watch for a formation of a bear flag with a small sell off to the 34-36 area. If buyers take it through here, we can see an area of consolidation moving to the 50% retracement. Watch out for headfakes during the slow periods. Remember low volume can have very quick moves as there are not many orders on the side lines. S&P 500 day trading course
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