SLV Update

Ironically, the PM's which I find to be the most difficult to forecast because of everchanging dynamics, seeem to be the clearest right now, at least SLV

The question has been whether JPM has lost the corner on the Silver Short or whether something else entirely different is happening. We had this breakout and it didn't look a lot like short covering so we have been watching it for signs of a possible reversal. Reversal to where is what is important. It seems the reversal is starting, to where? Well that's what we want to find out.

 SLV 5 min showing distribution-there is a small positive meaning we may see some intraday upside today, but the larger trend seems to indicate the reversal has begun, whether it's a pullback or breaks support is the question and where the good trade either way will be.


 10 min 3C negative

And the 15 minute is where we see reversals start most frequently, it is moving into negative territory.