Silver traded sharply higher Wednesday highlighting a reversal. The metal continued to appreciate yesterday, reinforcing the developing bullish theme. Note too that Wednesday’s price pattern appears to be a bullish engulfing candle. If correct, this highlights potential for a continuation higher. An extension would open $24.519, a Fibonacci retracement. Key resistance is at $25.761, the Dec 4 high. Key support lies at $22.510, Wednesday’s low.