The reason I rolled into silver today was because I think $40 is the next big battle. I want to ride along until then and will likely bow out and let the silverbugs fight it out.
by Trader Dan
Silver pushed past resistance at the top of its narrow range which came in near $36. It ran higher in very early Asian trade but has not been able to extend its gains and push beyond $37. It has a band of overhead resistance near $37.50 that will be formidable and will need to give way if it is going to make a push towards $40.