From my observations on physical silver prices, I get the distinct impression that the dam is about to burst. Remember when silver moves, it hugely out performs gold. I agree the charts look confusing, but the explanation suggest that the cupboard is bare. This war has caught the shorts completely by surprise, and they have no way of exiting. The buyers will be demanding delivery, so it is possible that the Comex is in big trouble.
As my cycles man says, October will be good for PM's, with some form of TOP in early November, remembering of course that 90% if silver's move coming in that last 10% of the move.
IVR Price at posting:
4.0¢ Sentiment: Buy Disclosure: Held
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