Big moves, such as those of yesterday and today leave people unsure of what steps to take. When taken in perspective, these moves are nothing more than common price action within a narrowing range.
Silver is being squeezed and will have to break. These patterns typically (but not always) break to the upside.
All Things Considered – John’s Commentary:
Straightforward Advice: Don’t make your buying decisions on daily price action. Always look at the big picture.
Graphs, such as the one above help us to see the longer term historical picture. This graph shows the story of silver being squeezed from May of 2013.
