Silver's Resistance at $19.30s
Watching $SI closely here. The intraday high today pushed to $19.31, but it feels like there's some serious overhead resistance building up around the $19.30-$19.35 area. We've seen a few attempts to break higher this week that just couldn't stick. For me, if we can't decisively close above $19.40 on a daily basis, I'm anticipating a move back down towards the $19.00 support. The risk to that view, obviously, is a strong push through $19.40 with some volume, which would likely signal a retest of the $19.50-$19.60 zone. Just my current read, could be wrong.
Totally agree on that resistance around $19.30s. It's been a tough nut to crack. I'm curious, what's your take on how much volume it would take to really push through that $19.40 mark decisively?