If DOW can turn green (so far just the NAZ barely green and the SP barely popped its head over the gray line), can see a nice tandem pop on commodities, $34.00 is a good tgt pps, just not sure if it will get there today, GOLD needs to push back over $1,500 which is a wall for now and spot is going to need $35.00 for that SLV to see $34.00.
For now its ranging, it should pop big if tests and breaks $34.50.
Still a lot of pressure on commodities today, all gonna play out @ 2PM imo.
The trend is still up, connecting the 7:24AM / 9:44AM / 10:52AM shows a pretty nice upward movement, but like I said, very speculative here. The number to keep an eye on is $32.80, if that holds even on market selloff, then we should move higher in the afternoon.
Almost carbon copy GLD/USO
If already @ a profit, a good stop will def be your friend today, good thing about the silver trade : you never miss the boat, always a trade.
