Whether or not silver is also forming a right shoulder of a head & shoulder pattern, or whether it is forming a pennant type pattern is really immaterial, because looking at the bigger picture it can be seen that we are at the lower end of a huge parallel uptrend. The red line NL represents the neckline of the H & S and once that is broken it would represent a buying opportunity. This is not investment advise as I'm not an investment advisor, but rather gives an insight into what I see unfolding as the market progresses.