Compression occuring, like a spring it will pop and break resistance (spot silver of 32.45) and take slv higher. Short interest increasing, this needs to unwind. Near term chart similar to mid August 2012, a bullish triangle formed then also.
PM needs a stimulus, or black swan!
Hope the bulls are loaded up cause we are running to $36.
Not sure that I see that on my charts (retesting 29.75), I do believe it will pop from now until mid March, and I do believe it will surpass 36, but I see that level will have it's first pull back after pop. Then take off again higher.
Pay close attention to the decreasing volume in recent past trading days, signs of compression. The pop will happen when daily avg volume is exceeded before mid day of trading with a result of 2 to 2.5 times the volume before the trading day ends.