I don't know, chem. It sure looks to me like it's coiling for a move, but I'm not yet convinced it's going to break upward. I'm still suspecting one more flush down before silver takes off for the big uptrend.
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.