Price action appears to be pointing towards continued weakness, now most likely into the March 21 Fed meeting – if this symmetrical triangle develops as indicated.  Note the symmetrical false breakouts at points 5 & 6.  This “spring” continues to wind ever tighter as silver moves deeper into the apex, searching for equilibrium.

Of course, equilibrium in the market is not “static”.  Rather – its “dynamic” – being the equal application of two opposing forces, like other two-component systems, such as a “tug-of-war”, or a teeter-totter.

Thus, if both sides weighed the same amount – say 50 lbs – would it take another 50 lbs to make one side go all the way down, and the other side all the way up?  No!  Less than a lb would probably do it.  So when this MF finally breaks out – all that stored energy will be released – in “dynamic” fashion.