Loading ...So much for a miracle stick save in the metals….
At this point it looks like any major recovery will come in late summer/early fall.
I wouldn’t be surprised in the least to see silver tag its 50 WMA at $21.66 or even the 400 WMA down at $19.17, eventually.
I would agree with you on Silver, Nautilus. That is pretty much what the silver chart was telling us (the one that I drew laat week). If you follow the support level its clear that price will go sub 20.00 dollars should the decline happen quickly enough and stay within bounds. The prognosis on silver miners is therefor to place them on sells. There is little hope of recovery until after year end.
make the countdown for ‘the LOW’ 16-20 months IMO