May 22, 2020 - (Gold Market Wire) - Silver has hit the Gap line from the recent rally and bounced. The question is, can it hold? Here's the layout as it stands this European a.m.

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Make no mistake, silver is under pressure. If we get a rally up spec traders may want to pick a place to flatten a bit or cut completely. Gold has found a small bid, which could help silver in the short term, by which we mean today's opening. It worth recalling that silver has rallied some 50% in a very short period of time, albeit from a low that occured during the "March Madness".  Yes, silver is coming in to its own. Pullbacks should be bought for delivery and holding (i.e. "stacking") - but for traders the sidelines are looking preferable for the moment.