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.<\/p>\n
Next Friday also brings us the September unemployment number.\u00a0 A bad number would be good for gold, one would think based on Powell’s statements on how tapering hinges on employment.<\/p>\n
On a positive note, a number of my silver miners have been outperforming silver over the last month, FWIW.\u00a0 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.\u00a0 AG:SLV as an example is shown below.\u00a0 It\u00a0 has actually gotten the 20 DMA to positively cross the 50 DMA, with the 50 DMA actually maybe turning upwards slightly.\u00a0 Again, put this more in the FWIW camp than a strong buy signal.\u00a0 As you can see, it tried doing the same thing in June and ended up tumbling.\u00a0 But the set up is there for a bullish turn IMO.<\/p>\n
<\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" 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 … Continue reading ![\"\"](\"https:\/\/goldtadise.com\/wp-content\/uploads\/2021\/09\/Screenshot-2021-09-24-at-09-43-54-AG-SLV-First-Majestic-Silver-Corp-iShares-Silver-Trust.png\")
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