The pattern shown is a civilizational embarrassment, proof that the markets, far from being prescient or even rational, are just a cosmic circle jerk with no real purpose. I won’t dignify or otherwise comment on this chart, since it would be akin to predicting a cockroach’s next feint as it scuddles across a kitchen floor in search of darkness. Nudge me if something interesting happens. The next move is likely to be up, since bears and those who manipulate silver prices for a living don’t have the guts to take out any important lows.