Note the OBV indicator at the top of the chart, which has now broken out above the level set at Silver’s 2011 high.  If Granville’s theory that “volume precedes price” holds any merit, then we should see some spectacular upside action in Silver in the coming weeks and months ahead.

Also note that the MACD indicator at the bottom of the chart which has just turned upward has a great deal of room to run higher before it is anywhere near “oversold”.