Support at 18 (+/-) is giving way (I’ll probably release SLV) and the weekly chart shows the next two objectives, should this not prove to be a fake out prior to reversal. That is hope. The chart is the chart and if this breakdown remains in play we’re looking at the 17 area, potentially followed by 16 (+/-).
Despite the deplorably bearish sector sentiment, the macro fundamentals are far from complete in the precious metals and I am going to use all the patience I can muster in the near-term.
