Silver - SLV

Silver is not shinning quite as bright today after a tough week. There does appear to be support building today in the $34 range a shorter-term support level established in March. Have all the speculators being shaken out of the silver tree and will the price move forward once again. The move back looks like a classic short-term retracement of about 62%. Watch for strength and the start of the next short-term leg up in the market to enter. Commodity price have once again shown their volatile nature, trading is silver will test you, be prepared to be quick and nimble at this point.