Market Update on Silver (XAG & SLV) 4/18/2018

Nice rocket move on XAG straight through the resistance level at 16.97 but this does not mean we have exited the running flat? Yes it does. So where do we go from here?

Coming out of the chute at the open we are still moving higher with nice volume. What we want to do is trail this one up and see where she pauses. The structure of the pause will tell us how much support price has at these levels.

SLV shot through the 15.94 level like it wasn't even there. Either silver is getting repriced or something is going on in the background that we are unaware of.