I will not bore you with the mathematical details as to how I calculated the resistance, but 31.73 is coming up as a very strong point for me over the coming week.
We are inching towards a breakout level at $31.50, suggesting new yearly highs for silver are close. Silver is also leading, which it should in a bull market.
We need silver to assume leadership, and it still needs to take out $31.50 to tell us new highs are ahead. Silver has support here at $29, but below that we could fall to $28.
