Silver: Volatility Expansion

Physical Silver current price is 38.12 and the SLV is up 5% today and this chart shows that a big move in Silver is about to happen, there is a slight curl or upward curve developing the upper Bollinger band and a downward curl in the lower band, its a beautiful thing. 


“We’ve seen yet again support at $35 was tested successfully.  This is a huge and powerful base and with gold already probing record highs, silver won’t be far behind"  James Turk


“One never knows exactly how the markets will unfold, but my sense is that we only have several more days of silver in the 30’s.  Once silver clears $38 on a closing basis, you are going to get back into the mid 40’s in a heartbeat.”  James Turk




“I totally agree with James Turk.  I think the thing (silver) has been abused on the downside and it’s just like a coiled spring ready to explode.  I think silver will go back to those highs we saw before that May raid faster than most people can imagine". John Embry