Silver: Presses the Crucial Resistance Barrier

From dailyforex.com

Silver is just sitting right there at the $40 level, suggesting that we are in fact trying to break out onto the upside, but we'll have to wait and see how that plays out. If we can break $40, then obviously we can go much higher. Short-term pullbacks are very possible in this area, but I don't look to short the market under any circumstance. I believe that if we do fall, it's very likely that we will see buying opportunities closer to the $39 level. Ultimately, this is a market where if we can break above the $40 level, then you take the measured move of the consolidation area. This for lack of a better way of ... (full story)