No, I am not referring to the Larry David TV show that recently ended it’s run. I am talking about my expectations for the NEAR term for silver.

While I do expect to see the recent trading highs between $32.50 – $32.70 to be exceeded this week, I want to warn you about the expected resistance I see between $33 – $34.

The charts show a significant congestion zone in that area. While we could be pleasantly surprised and go right through it in the blink of an eye, I seriously doubt that will be the case.

More likely, it will take a few days to a week of trading in a tight band between $32-$34, before silver is ready to move on to bigger and better prices going forward. Stay long and positive, but curb your enthusiasm, for now.