Interesting snapshots of gold and silver below, opening 2021 in contrast to the bullish seasonal averages. I think we are shaping up opportunity here. Keep an eye on silver and its ratio to gold (as usual). It remains very intact.
HUI dropped further than I’d wanted to see on the very short-term, but is making a daily chart hammer at the moment. It’s not dead yet. The silver ETF (SIL) is also hammering and it is doing it from a relatively intact daily chart technical position.
There have been a lot of wild inputs lately that pounded the seasonal.
Alternatively, a failure targets HUI 260 or so. But the PMs ain’t dead yet in the here and now.
