The silver market initially did fall a bit during the trading session on Thursday, after initially gapping just a touch higher. By following the way it did, we tested a significant area of importance as far as I can tell on this chart. The $37.50 region is an area that previously had been very difficult resistance to overcome, so “market memory” dictates that it should end up being support on any pullback to it. During the day, we reach pretty close to that level and then bounced nicely. With that in mind, I think we have a simple “breakout, pullback, and retest situation” here. Massive Uptrend Silver has been in a ... (full story)