We highlighted Silver yesterday in our note and the importance of the $28 level and once again today, the traders rejected it. The long trend box we highlight is our battle lines that we use to gauge long/short power and right now we are in a trading range:
Looking at the Nasdaq today, we can see that the bulls have been boosted by the 10900 support levels and it continues to trade with a new buyers hoping for continued QE led support:
