Just like in the good old days, July Silver was rampaging Wednesday night, extending the already steep rally of the last two days with a heartening second-wind burst. Still, we need to take into account that this surge is occurring with no resistance peaks to impede it on the hourly chart all the way up to 39.470. Expect a test of that high soon, but I’d still need to see a print above 39.565 — make that 39.955 for good measure, and the sooner the better — before I can sound the all-clear.