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The swings
are kind of strange in Silver because of the large number of big range
days often followed by a series of inside days that do not exceed the
high or low of the big range days. I consider this to be a "sloppy" swing
market and do not like to trade it because it is too volatile. However,
the low of 12/3 was a setup bar and Friday's price range exceeded it to
confirm a trading cycle bottom indicating prices could rise to test the
trendline near 500. Since the weekly high is not likely to be exceeded,
one way to trade Silver would be to look for an overbought oscillator
as prices are near a previous week's high, and sell the market against
the previous week's high.
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SILVER
DAILY 