Spot silver continues to lead the charge of the metals and mining complex. The iShares Silver Trust (SLV) and Silver Wheaton (SLW) are in thrust position -- as is the SPDR Gold Shares (GLD) and Freeport-McMoRan Copper & Gold (FCX) -- poised to rally to hurdle key resistance plateaus on the way to new high ground.

Let's notice that the nearest-term trendlines or prior pivot lows are 35.58 in silver, 42.26 in SLW, 137.55 in the GLD, and 53.25 in FCX. These are important technical inflection points in the upcoming hours.

 

Mike Paulenoff is a 26-year veteran of the financial markets and author of MPTrader.com.