$silver the outlook 5-11-2011

One would expect it will take some time for silver to work thru the current volatility and reestablish a trend.  The charts indicate that will be around the end of June - first of July.  The projected bottom is  $32.50-$35.00 (of course we have already seen sub $35).   So I suspect we will base for the next 10-12 weeks in the $30s before silver begins another leg up.

Here is a chart:

GL, do your own analysis....