In yesterday's blog we discussed that if silver could not get back above 36.50 ---and a break below 35.20 would keep the pullback in play. We discussed the 34.75 area as an important area that needed to hold --- and today's low at 34.70 ------where silver traded for only ONE MINUTE below 34.75 is close enough to make it a good call. For now ---as long as price holds that low today ----look for a bounce back above 35 --- and We'll see if that can hold in the Friday Asian session. We can see that today's test is only a test of the lower red channel line. As long as we hold 34.40-34.57 today --- a bounce into the close should be sustained as the market gears for the Saudi event tomorrow. WATCH THE AFTER HOURS New York market ----- that is where volumes are low ----and where shorts can attack.