I have observed the following pattern in SLV over the last 2-3 days:
Open at high of day which is above previous day's close. Immediately falls to low of day. Oscillates a few times between day's low and previous day's close.
Accordingly, I'm trying a little experiment today:
1. Buy at a limit value close to the day's low (for today I've set 26.50, which I hope it will hit again before EOD). 2. Enter market sell order after close of trading. 3. Position will exit at tomorrow's opening price.
If it follows the pattern then I should see a small gain tomorrow. Either way I'll be out of my position at the opening.