The situation in silver is a little more dicey. The CoT report wasn’t quite as unnerving but the charts need to be watched. Fortunately, silver has now bounced off of its primary trendline twice in the last three days. This is a very helpful development. However, we must watch that line very closely. You can see it on all three of these charts. For today, that support is near $33.80. It is critical that silver stay above that level. Conversely, IF silver can break out through 35 and 35.60, our next target is 37 and then the area between 39 and 41.