Silver buying hits a Fever Pitch as we also develop a harmonic crab pattern.

The Silver market has exploded higher reaching what may be called a “Fever Pitch” as the DSI (daily sentiment index) is at extreme readings and RSI is extremely overbought. A Harmonic Pattern known as a “crab” may have developed as we reached the 261% extension of B to C and also extended the X to A by over 161%. In addition, we have hit the 78% extension of the summer 2016 highs to summer 2018 lows.

Silver Crab Pattern

Blake Morrow