The 133 bar cycle bottoms today and the cycle should start to head higher support silver in the coming weeks. We would like to see a break above minor resistance at 25.08 and more importantly a break above resistance at 25.85 as confirmation for the next impulsive rally towards 30.00 and ultimately higher towards the all-time high at 50.00.
Only a break below support at 23.85 will delay the expected rally higher in the weeks ahead.