Silver is in consolidation mode and the latest pause appears to be a pennant formation - a bullish continuation signal. This reinforces the current uptrend. The metal recently cleared $23.774, the Sep 22 high and has pierced the $24.00 handle. A continuation higher would signal scope for a climb towards $25.014, the Aug 30 high. Initial support lies at $23.015, the 50-day EMA. Key short-term support has been defined at $21.883, Nov 13 low.