still looks really good to me.  Yes, we do have an outside down weekly candle still in play from last week, and it is certainly possible that we retest the 50 WMA and make a marginally lower low than last week’s low, but nothing on this chart suggests anything but a bull trend for me.

It’s hard to say when silver and silver miners will turn the tide vs GDX.  Maybe GDX has started to roll over vs SIL based on the below chart, but the bottom line is that for now, GDX has not broken down technically vs SIL and is still in a multiyear bull run relative to SIL.