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Check the Chart: Is Silver’s Next Seismic Spike Beginning?

Seeking Alpha  ( Original )
APR 18, 2018

A timely article here, as silver perked up notably today, tacking on over 2% on very high volume.

As the chart below indicates, silver is prone to very lengthy stretches of truly mind-numbing sideways movement, but when it rises, it can see extraordinary upside in a very short period of time.

Silver has a long history of surprising, or even shocking market participants when it comes to price volatility. The price of silver can rally far beyond that fundamental and technical analysis projects, and it can fall far below what seems reasonable, rational, and logical at times.

Silver is like a rubber band; during its quiet times, it stretches the patience of market participants to the point where many throw in the towel, abandon positions and look to other markets for opportunities.

Anyone who has experience trading silver over past decades knows that the metal that tends to move the most on a percentage basis often explodes or implodes when the market least expects.

As I look at the silver market these days, I see a potential volcano of bullish price action if gold can make its way over the $1380 level. It has been a long time since we have seen silver move $1 or higher during a trading session, and we may not have to wait much longer.

ORIGINAL SOURCE: Silver Is Preparing To Surprise by Andrew Hecht at Seeking Alpha on 4/18/18