Silver's real parabolic move started at the end of January.  Looking at the below chart I note that the area between $37 and $38 serves as a) the 50% retracement from the low to the high of this move and b) where the 50 day simple moving average comes in.  Both of those items often serve as support/resistance on moves so this shouldbe an area to watch for a potential bounce at least.

 

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