Silver/SLV

As mentioned last night, silver/SLV looks to be a long trade that is starting to pull together, I would not enter yet, but I do believe that there's something here worth putting SLV on your radar...

 This is the last SLv (2x leveraged long AGQ) trade, we bought on 4/4 at the bottom and sold on 4/9 at the top. The recent gap down on large volume looks like short term capitulation (when I say short term that is to differentiate it from Primary trend capitulation which represents the start of the end of stage 4 or a bear market).

The rather flat price trend since that capitulation move alone, looks like an accumulation area, 3C confirms it.

Here's the intraday 15 minute chart and the flat range I mentioned, today looks like part of a head fake move below the range, there may be more coming.

The 1 min chart on today's "partial?" head fake move shows a positive divergence

 The 10 min chart shows a head fake, distribution and a downtrend, recently though we have a large leading positive divergence

 The 15 min chart shows the same. We need to see the shorter term charts fall in line before this is a probable long, but it should be on your radar.

The 15 min Silver Futures are confirming the SLC 3C chart as well.

Keep SLV as well as Gold/GLD on your radar.