Below 3044 will be cause for panic on the SHANGHAI STOCK EXCHANGE ... April export/import figures missed estimates and down from March
If this weak support fails to hold I see nothing holding silver from dropping to 15.64
Since the dollar's April 10 high ... it has shed 2% while silver has dropped 11%
Silver price is forming a bullish descending wedge on the weekly ... and the bottom trend line extends back to 2008 ... a bounce off %15.80 which was the bottom in the aftermath of the Fed December hike should result in a breakout from the wedge