"I've been saying since yesterday that $34 was vital support for silver. It still is. However, I thought it was important to look a bit closer at the charts and here's what I found.
"Yes, $34 is important. It is diagonal support from the lows of September. That line held very well yesterday and overnight until finally being overrun by the Central Bank and/or Cartel-inspired smashdown in gold this morning. There's still time for silver to recover and close back above $34 today. That would be great. However, if it doesn't all is not lost, at least not yet."