SIL vs SLV… massive positive divergence over the last 6 days…
I don’t have time to put a chart up, but you can see for yourself by entering “SIL:SLV” at stockcharts.com.
I would like to see some follow through early next week to confirm a significant low in the silver miners vs silver. As you know, silver miners have been hammered on an absolute basis, and what’s worse to me on a relative basis compared to silver, for 3 painful years.
Gold is on day 30 of its daily cycle, so in theory it should bounce right about now. This should hopefully give the miners a bit of a tailwind.