A Must for Silver

Silver must break $14.1 by the end of this week (or early next week at the latest), otherwise it may drop to $13 (shown below). Setting aside jobless claims and leading indicators, there are no more major data releases this week which may impact fed rate cut expectations. My only concern is the performance of risky assets such as euro/yen and stocks, which are currently facing major resistance levels. Hopefully the large players are looking at the same technicals below, and realize that silver prices must break resistance to keep rallying. Only a small nudge beyond $14.1 is sufficient to send silver to $15, as haters cover their shorts and speculators rush in.

[Silver futures: One-Year Chart]