As suggested in Tuesday’s post, better to add a bit and see each day how things develop. The ideal strategy is to add each day, BEFORE we get to D-Day, Mon. the 31st.

In the past, the day of the gold and silver monthly option expiration on futures contracts, has usually resulted in the expiration day and or the following day, seeing a smackdown. I explained that would be the tell. Yesterday was one of the weakest selloffs for an option expiration day. If we get thru today without a smackdown,(so far so good) then silver should rally at least into Monday.

If it breaks $35 and runs going into Monday, a huge spike towards the $39-$40 area, could mark the end of the run (for the short term) rather than the beginning. For now we watch and wait and should add gradually each day, if you were planning on participating in the squeeze.