What has been encouraging is that silver, unlike gold, did not make new lows for the down move. Yes, the gold stock indices did but silver's non-confirmation could signal a potential low...
All bear markets. That’s the bad news but the good news is gold is up 168% from its key 2022 low, silver up 287%, while the TGD is up 258%. Is the glass half full, or half empty?
Silver needs to break over $86 and hold on in further pullback to $65. Nonetheless, the five-point pattern that has formed should be ultimately bullish.
Silver, like gold, was smacked this past week. However, silver had appeared to break out. Now we are not so sure. A break back under $75 would be negative.
