Chart Request- SLV

Today's SLV momentum is turning into an intraday triangle. Usually triangles are (in this case) bullish continuation patterns). There also tends to be a high degree of vaolatility and false moves around such common price patterns, especially in an ETF that has such a loyal and large following.

 For a consolidation day, it is interesting the volume is so high already, it appears it's on track to surpass Friday's which is not common for a consolidation.

 The hourly chart has moved into confirmation of the trend

 So has the 30 min chart

 as well as the 15 min chart so there's no reason at this point to suspect anything very negative with any sort of high probability.

The 5 min chart is showing a bit of a negative divergence. My initial thoughts, considering the intraday triangle, the volume and this chart as well as SLV's extended run, are that it may be prepping for a pullback or consolidation. Typically high volume days are often associated with reversal days whether it be a real reversal in trend or just a short term correction. That's my initial take, but it's too early with little evidence to declare a pullback at this point, I'm just leaning in that direction from what I see now.