Silver has given up all of the gains achieved on Sunday’s opening bar and then some, but like Gold, the overall picture for the short term retains a bullish look. Another bullish factor to consider is that Friday’s low failed by a tick to breach an important structural low at 34.030 recorded on March 3. Most immediately, although the pullback does not look opportune for bottom-fishing because it lacks a clear point ‘A’, the one I’ve flagged in the chart could determine how things played out.