Something very interesting going on in the silver market. Just...

Something very interesting going on in the silver market. Just watched the last 15 minutes of trading.
An urgency to either get long or to close out shorts. PPI tomorrow, I really think PM's are ignoring all the machinations about whether the FED will ease in June or not. It seems the MSM are mystified as to why they are rising, which is great news. From my cycles man dated the 11th.

Silver reversed the weekly trend up, further confirming that a multi-month bottom is likely intact. That also generated a range-trading signal with targets at ~25.25 & ~26.75/SIK.

Silver turned its weekly 21 MAC up last week and then closed above that rising 21 High MAC this past week - reinforcing the unfolding upward reversal.

A weekly close above 24.56/SIK would magnify developing strength, allowing Silver to turn its intra-year trend up. That would likely spur a surge to ~27.25/SIK - where several extreme (intermediate) upside targets converge.

Having turned the intra-month trends up, Gold & Silver have opened up the opportunity for this rally to extend into mid-March or beyond. Daily extremes in Silver would allow for a spike up to 25.61 - 25.78/SIK in the short term.

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 March 1st lows. Exit 1/2 of Gold positions if/when 2294/GCJ is hit and 1/2 of Silver positions if/when 27.15/SIK is hit.