Hey Lance,
It definitely is coiling to do something. On Friday, I thought I had it pegged for a bullish run. It did try to make that run but got slapped back.
Although, the dollar seemed to make a very strong bullish move, which is bad for silver, when I drilled down and looked at the dollar move in detail, the evidence suggested it had a high probability of being a fake-out move and would likely reverse bearishly off the 80.29 mark or thereabouts.
After analyzing silver exhaustively tonight, i find its in the middle of a tug of war being played out by bulls and bears. It is pretty unique. we just have to wait and see.