SLV had every opportunity to head down much lower today but upon filling the gap, prices immediately reversed. Analysis: Successful three day test of the low. Price should now rally to form a three week test of the highs. While daily closing prices might be higher, the weekly target price to surpass is only 17.15. Possible rally could/should move into the next week as well however if SLV rises above 17.15 and cannot hold that level, I will need to reassess my intermediate-term outlook Possible that market-moving news, i.e., Iran, could be an impetus for a sharp rally higher, but do believe that while the president talks tough, he is not likely to strike at Iran, at least not militarily. Such a move would be a dramatic game changer across the board.