Silver had gotten a little peppy and this little cool down is normal. I don’t see any reason why we cannot continue to plan for an attempt at the 200 day average near 17.
Silver/Gold ratio actually bumped up a bit and this is hardly negative signaling for the precious metals sector or the broad reflation trades (bounces). It’s all counter the intermediate trend (down sloping SMA 50 above and on the ratio) but the bounce is still on, closing a 2nd day above the SMA 50).
Subscribe to NFTRH Premium (monthly at USD $35.00 or a discounted yearly at USD $365.00) for an in-depth weekly market report, interim market updates and NFTRH+ chart and trade setup ideas. You can also keep up to date with actionable public content at NFTRH.com by using the email form on the right sidebar. Follow via Twitter @NFTRHgt.
