================= Sure, thats reasonable resistance [$ 40 .00 area], especially since there is significent buying @ $33+ area. Plus CBN news noted SC legislature working on a bill for gold & silver coins legal tender However, even for scale in buyers, looks like enough short & medium downtrends to take out the $30 area lows. Not a prediction, simply probabilities
Mark my words, by the end of June 'paper silver' will trade at US$55 an ounce. If not, I will fly over to the USA and eat some chitlins and grits!
============== A-OZ In some markets [no names please]& insurance sales[based on estimated value]; it already hit $55 area last cycle I picked up an old Investors Business Daily; silver was charting $17 +/. But it has to clear $ 40/$55.55 area first perhaps. Not a prediction, Baptists dont do that