On the bigger picture using the weekly chart for example, silver’s technicals look fine. But that should include the potential for a drop to the mid-high 20′s because despite a bullish macro fundamental view and even longer-term technical view, the recent correction is not yet indicated to be over. What might we look for? A final, dispiriting decline with sentiment bottomed out and the CoT structure going to a full bullish structure (it is moving in the right direction) and some positive…
