Next week will be pivotal for PMs…
you have silver sitting right on its 100 WMA (or you could use the 500 day MA on the daily chart), which in the prior bull market acted as a very strong area of support.
Next Friday also brings us the September unemployment number. A bad number would be good for gold, one would think based on Powell’s statements on how tapering hinges on employment.
On a positive note, a number of my silver miners have been outperforming silver over the last month, FWIW. Of course, not even a ratio will go down in a straight line, but it is at least ostensibly bullish when they are flat to up vs silver when silver has been hammered. AG:SLV as an example is shown below. It has actually gotten the 20 DMA to positively cross the 50 DMA, with the 50 DMA actually maybe turning upwards slightly. Again, put this more in the FWIW camp than a strong buy signal. As you can see, it tried doing the same thing in June and ended up tumbling. But the set up is there for a bullish turn IMO.
China just outlawed all crypto so perhaps some love moves this way. Evergrande still missing payments, Monday may be the slaughter for markets
https://www.rt.com/business/535721-china-crypto-transactions-illegal-bitcoin/