After running to $31.50 early in today's trading session, silver is being taken down towards $30..and actually just bounced off $30 as I typed.
It is clear that Tuesday's CFTC actions have not changed things much in the short term for silver- which remains range bound from $28.50-$33.
We still have not seen a retest of the overnight candlestick low of $26. If silver can't remain above $30, look for this bottom to be tested at some point before silver starts its next major move up. From a long term perspective, anything under $30 is an excellent entry point- don't make the mistake of saving all your dry powder in hopes silver does retest $26, RESPOND to price weakness as it happens and BUY INTO the price weakness.