Silver crossed the major ascending median line with good separation. Silver had tested the median three times in the past five days, but pulled back each time. A close above the line–with good separation–is a bullish indicator and portends a continuation of the updward trend. The next target objective is $18.85. However, the major reaction cycle could push the market as high as $19.85 as Silver approaches the major reversal swing date on May 3, 2010.
