Silver ends week on a Powerful Note

There really is not much that can be said in addition to what this price chart is telling us.

Note that the metal held solid support and moved along  sideways refusing to drop sharply lower. That indicates a great deal of dip buying was occuring which prevented the shorts from pressing it lower. The result - the shorts had to run when they could not generate any downside action of signficance.

One thing to note is that the volume on the move up and beyond $35 was enormous. That is strongly bullish.

Also see how the price is hugging the center line drawn which is serving as a type of resistance zone but also as a magnet.