Loading ...Looks like a good place for silver to build a good bull flag or pennant. A five to seven day sideways movement would confirm it. Beware! A tight short squeeze will blow out any technical formation, resistance, moving average and anything else technical in nature.
Just a reminder, half the people (positions) in Comex silver are short. Watch the open interest (number of contracts). If it starts to decline rapidly, an explosive up move will follow. When all the weak shorts are out, the party is over.
rno