The silver market continues to consolidate on Thursday. There is a mini Feb uptrend channel that Silver has been supporting on the top of the channel line. Note each pullback from the high has supported on this line. Additional support is the red line just below 32.50 and the lower trend line just above 31. Price has now been capped three times at 33.80 and thus resistance is the 33.80 - 34.00 area at the moment.
Chart supplied courtesy of Bill Downey of Goldtrends.net for more charts and analysis visit his site.
