May silver saw a bounce mid-week after starting the week with continued lower trade from last week’s move lower. So far, that strength has pushed it even higher today but the overall trend remains lower. The bounce during Wednesday’s session was partly attributed to Biden’s announcement of an infrastructure plan but the bulls are still looking for a positive US jobs number to really get the inflation chatter started again and start another push to the upside. With May silver hitting key support at $24 this week, we could see some more value buying, especially if there is a continued risk on environment and the stock market continues to do well. The bulls aren’t in the clear yet though with the market having to get through resistance at 25.30 and 25.60 before the trend reverses back to the upside with 26.40 as a short-term target. Failing to get through those resistance levels would likely push silver back down to support at 24.