Last week, renewed speculator buying and silver spot market demand helped sliver to post three positive daily performances.
However, the market is still mostly confined within a trading range between 32.50 and 35.00. Investors have been buying silver dips, but investor sentiment is not particularly strong. It would take a break above 35.00 to see the market test important resistance at the 2 / 3rds correction of the February/March decline and open the way to the highs for 2012 at 37.58.
For much of coming week range trading is expected to be the dominant theme for silver. Failure to hold above 32.50 would be bad news for silver bulls, although additional support levels are apparent at 30.88 and 30
