It's 8:34 am and silver indeed did come very close to the $39.43 mark that I suggested last night in the one of two scenarios posted. So far it's hit 39.50 a couple of minutes ago.
Now although one scenario played out there was a problem in how silver disconnected again with gold. At 1:00 am when gold was breaking through $1700, silver should have made a move toward $41.20 or so. The fact that it didn't and, I feel gold is getting toppy here and, the gold:silver ratio is not favoring silver by dancing right around a couple of significant moving averages all suggest caution instead of bullishness.
$39.43 needs to hold and I'll make my decisions after watching how well it holds or doesn't. I am slanted much more bullish than bearish, but with caution because $39.43 is the test.
Thanks for the update chemaes44 Your thought on the market are always interesting reading. At what price would SLW be a long buy to start accumulating. I hold silver physicals but would like to play SLW to the long side. tks spike