Up about 40 cents! Last 19.83 vs 19.43, keeps this up we get a large gap up in the morning, one reason we count waves, gaps show up at the three waves, iii of 1, iii of 2, but the big moves are always the iii of 3s !
RSI is above 50 on all time scales of Silver futures, excepting the Weekly, which is 41 and climbing, of course from time to time the 1, 5, 15 and 30 minutes rsi move through their cycle, but as long as the 60 min, 5 hour and the daily hold above 50 RSI this up cycle should continue. I think it will last into the 27.00 / 29.00 range, but as usual a couple deep retraces along the way. I will feel better when price well clears that 21.60 area.
I noticed the move as well Sharpie and it is encouraging even though there is a smallpull back commencing. I am still of the opinion that the fiat boys who think they are in control will attempt to stay in control. To do this they must supress the price of truth telling precious metals. That is why I believe your $17.75 silver test is still a potential. I guess we can not know for sure until we look back on the charts.
The 17.75 that I was talking about was the retest of the low in SLW, or maybe we still see it. If SLW price moves beyond 22.20 I will no longer expect to retest that low. Looks as if Silver futures have finished the retrace, moving up a little, but its still 12 hours until market open, the retrace could be complex, if not the gap could be huge.