The stock market is starting to show some signs of weariness and systematic models based on stock index futures have started to turn down this morning which may attract some selling from market participants using these approaches. After the strong upmove of the four and a half months, it is not unreasonable to anticipate a large trading range developping over the next few months, this kind of pattern may offer opportunities to trade the market in and out rapidly. 

SILVER

Prices have decisively broken on the upside this week and may reach the highs 18’s before a sort term correction may develop next week.