silver $48-50 wow ++, page-22

Correction/Consolidation between $45 to $50 is actually very healthy. If we had blown through $50 and carried on up I would have been far more concerned, that pattern would be consistent with a euphoric bubble. I'm mainly into miners not physical so for me it's much better that the price trends up slowly with occasional dips.

$50 represents very strong psychological resistance, many will profit take around these levels, and the instos will try and take advantage to rattle cages