Silver has risen since my last posting (see link below). We may get a short term consolidation here if this is .3 then another rise to .5 then a correction. Or we if this is .01 of .3 we get a rapid extended rise from here. We'll see. If price drops below .1 this concept is wrong.
@TelecomTycoon, thanks for the feedback and the excellent chart. This does look ominous and the current rise has been approx a .62 retraction which would seem like a good time for a reversal. Will see. If price falls below the level I've labeled "1 or A" think your idea is favored. I notice however the price keeps rising while the RSI is falling. This could be seen as a bearish divergence or at level we have reached a positive reversal. Partially because I favor the US Dollar may fall from here I remain bullish for now.
My daily view