#silver #silvermining #silvertiger #mexico #preciousmetals #bullmarket #correction #bearishembedded #CPI #50MA #SLVR #SLVTF #SLV #PSLV ??

Since peaking at USD 71.17 in the summer, silver has fallen 22% in just 7 weeks, giving back all of the gains from the summer rally. And despite being severely oversold, the daily stochastic remains bearishly embedded. The 4-hour chart, however, suggests the potential for at least a modest bounce and a recovery toward the lower edge of the downtrend channel, from which silver broke down yesterday following the CPI release. Only time will heal silver.

https://floriangrummes.substack.com/p/silver-daily-call-for-october-15th-e83