David Fuller's view

Silver’s volatile two-way action indicates that demand has returned to this market following the big sell-off, and has even held the upper hand, for the most part, since the upside key day reversal from $15 on 7^th November.  Since that date, there have been four upward dynamics, including today’s action, relative to only one downward dynamic shown on this daily chart.  Moreover, that one downward dynamic was more than reversed the following day by that enormous rally following a new low at $14.48.  Given all this volatility, I decided to take the profit on my latest position this morning, and a tight stop was triggered at $17.11, against my purchase at $16.62 on 15^th March.  These prices include all spread-bet dealing costs.  I hope to repurchase silver a little lower because it looks cheap to me on this weekly chart.