Scott Pluschau is a Contributing Editor to the ETF Digest.
The opportunities to get long on favorable bullish setups in silver are heating up. The daily chart has now formed a Bullish "Inverted Head and Shoulders" pricing pattern that I have noted on the daily chart. The Bears seem to have run out of gas when they formed the recent "Head" on a decrease in volume from the left shoulder. The right shoulder also shows a lack of commitment from the Bears again. See chart below. The pressure is now on the Bears.