This weekend the one question I got the most was 'Why did silver witness so much Volatility on Friday'. The answer should have been simple. Last week I updated on the breakout of silver from the blue flag that would result in it testing the larger channel. What I did not expect is that this would happen in a matter of days. Now both Gold and Silver read a daily Sentiment index of 91% bulls, meaning most traders are bullish. The catch up of silver with gold is done given this extreme. The touchpoints done till we see clear new highs or confirmation of a new trend up this could mark a top. The top end of the channel is at 16.60$ or on Mcx 41800. The A-B-C advance suggest that it is counter trend and risky at the top end of the channel. If the count proves true all gains could be given back over time again. The key lies in what the dollar is going to do and the dollar index took support on the 20dma on Friday and closed up with daily momentum staying in buy mode. If the dollar has started a minor wave III up then pressure on metals in general continues. After all Silvers decline yesterday was not a standalone event, most base metals reacted from intraday highs and sold off.