SILVER IN A BULLISH MODE AGAIN! WELL MAY BE

IF SILVER CLOSES ABOVE $40 THEN NEXT TARGETS WILL BE $42, $44 AND $45.38. A CLOSE ABOVE $40 WILL CONFIRM THE BULLISH MODE IN SILVER AGAIN. WE THINK THAT IT CAN AGAIN RETEST ITS PREVIOUS HIGH SOONER THAN LATER. SILVER REACHED ITS 38.2% RETRACEMENT AT $39.07 WHICH IS FROM THE HIGH OF $49.82 TO THE FALL OF $32.30. 50% RETRACEMENT IS AT $41.06 AND 61.8% RETRACEMENT IS AT $43.13. THEREFORE, A CLOSE ABOVE $40 IS VERY VERY IMPORTANT FOR SILVER TO GO AT HIGHER LEVELS.