Silver looks set to become explosive one way or another very soon, as COMEX open interest has surged to nearly 220,000, only 5,000 contracts away from the all-time record of 224,540:

We suspect today’s trading action in the metals was NOT what the bullion banks had in mind, particularly after building up ALL-TIME-RECORD short commercial short positions in silver.
Will A Commercial Signal Failure and A Massive Short Squeeze Come Next?

Silver in particular has a crucial week of trading ahead due in large part to the head and shoulders pattern the bullion banks have painted onto the weekly chart by capping silver prices over the past 10 days, combined with March expiration.
If they are successful, momentum traders and algos will pile onto the paper short side, targeting sub $14/oz silver.
If they are not and silver is able to break away towards $18.50, the very real potential for a short squeeze exists…

china-gongSD’s Midweek Market Flash Breaks Down the Action As Triple Witching Week Begins:
Options Expiration, and FOMC Meeting, & CHINESE MARKETS CLOSED For A Week.
We Suspect Nothing Good Will Come of This For Gold & Silver Prices…