Yesterday’s one day silver pullback was minimal and definitely not a slam. As I discussed, the riggers are out of suckers to fool into selling to allow them to cover their shorts. This looks like the major breakout we have been waiting for since the May highs.

With a ton of economic numbers and a bunch of FED speeches, there are likely to be wild swings in silver’s price today. The only FED speaker that matters is Powell at 9:20. Strange they have like 4 back to back every five minutes? Maybe they are all on a panel or something. 09:10 AM Fed’s Collins Speech
09:15 AM Fed’s Bowman Speech
09:20 AM Jerome Powell Speech
09:25 AM Fed’s Williams Speech

Using a gold price of $2700 (nothing says it has to stop there) and a GSR of 80, provides a very short term, initial target of $33.75 – $34, for silver.