Well, what an interesting day this is.
Overnight, The EE struck and struck hard, trying to get the ball rolling to the downside. We then got an "8:30 Special" as Blythe ripped about a quarter out of silver right on schedule. From there, however, silver has been well-bid all morning. Check it out:
From here, let's see if we can hold these gains. Here at noon EST, I've got $30.20. A best case scenario is that we scream higher into the close and finish above 30.50, thereby giving us another, wonderful UP outside reversal day. A happy scenario would give us at least a green close, above 30.28. (Trust me. That in itself would be a major victory.) An unfortunate scenario would be to rollover here and close below 30.
Let's keep watching and see how things play out on what has become a very important day for the short-term trend. TF