Silver Squeeze Setting Up with the Bollinger Band Suite

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This is an interesting and reliable setup taking place. If you notice all the vertical red lines show a period close to or at a 125 day low in volatility. Also take note of the price relative to its location of the Bollinger Bands. Two things seem to happen a few days after the vertical red lines which signifies the low point of volatility. Volatility picks up and we seem have a variation of a two bar reversal. So if history repeats itself then we could see a dip lower outside the lower BB next week followed by a sharp reversal upwards. Wait and see is the approach for now.

Penafian

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