Chests were thumping and endorphins were releasing on Twitter, as if it were a done deal.
Well, the deal is not done yet. But if we are going by the technicals and tuning out the pumpers…
Silver is looking good.
Silver Miner ETF is okay above the moving averages. Still, it’s not the Reddit style thing they’ve been pumping. I prefer this because it is normal looking.
The miners vs. the metal are trending down. So at the least, for now the metal is better than the miners.
Silver/Gold ratio is bullish and indicating positives for commodities, inflation and also the precious metals.
HUI Gold Bugs is still locked below the SMA 50 and as such, technically vulnerable unless it breaks through there.