SIK10 – May Silver (Last:17.970)

The futures have pushed past a midpoint resistance at 17.565 with little effort, implying that a finishing stroke to its ‘D’ sibling at 18.575 will come just as easily.  Because that would still leave the May contract a tad shy of January’s rally tops, we should expect a wallow just below $19 in the days (or perhaps weeks)  ahead.  However, a relatively quick move past $19 would hint of an impending assault on  December’s high, 19.495, and an eventual move to 21.535.