What really drives silver?, page-77

The interest in silvers shares continues to show little impetus, as the experts say, firstly gold moves, then gold shares, then silver and lastly silver shares.
The weekly chart for silver has just turned.

From my cycles man from last weekend.
Silver needs a weekly close above 23.76/SIK to reverse the weekly trend up & confirm a multi-month bottom. That would also generate a range-trading signal with targets at ~25.25 & ~26.75/SIK. Silver turned its weekly 21 MAC up last week but needs a weekly close above ~24.40/SIK to validate.An initial spike higher into March 6 - 8th could now be seen. Daily & intra-month trends should help hone this analysis. Already, the daily charts are providing some clues about when a brief pullback could bottom (if an initial peak is set later this week) and give way to another surge.1 - 3 month & 3 - 6 month traders and investors could have entered/added to long positions in Gold & Silver around 2025/GCJ & 23.00/SIK and can now risk daily closes below the mid-Feb. lows.

Tomorrow's jobs data may well be the catalyst for a high of some kind. What I have liked about this week is that every time they have tried to smack it, buyers come in.