This isn't range trading in silver, this is something else.
If any of the old timers are still here, you know I've been trading silver for a decade and change at the minimum.
There is an extremely unusual smack down that occurs on silver futures and gold when any momentum develops. Typically, contract volume in silver futures of between 3000 to 5000 was always been enough to get a bull charge going ( that volume represents minimum $300 million notional value of leveraged silver). Way back when it only required 1000 contracts to start a charge. Now, silver has those volumes all the time but is met with the same and greater volume slapping it back. I hate conspiracy shight but I've wondered :is that money that would have went to buying 10 -20 billion in treasury now going to help keep things like PM's in check.
Right now silver futures, if they were operating normally are bullishly aligned indicating a price objective of $20.945.
Steps 1): 5 min close above 19.991, get long with a 3 cent stop.
Step 2): Add to position with $20.359 as the target if it rises.
Step 3) Only when it has closed $20.62 or higher for 5 min will $20.49 become the bottom, add I will add to position
Step 4) Watching what happens as this 2 yr bear approaches the $20.945 with people ready to pull stop loss the short positions will be interesting.
Maybe I'm blowing smoke, maybe not, price is truth, pundits are full of bs.
SSRI looks like its' started to rise again. it shouldn't start this early, my numbers say another 12% upside is coming but it should happen for 2 -3 days.