Yesterday we noted in an NFTRH+ update:
Right now it [silver] is at clear resistance. Meanwhile, the Gold/Silver ratio is nesting on its SMA 50 & 200 and is neutral while the US dollar is potentially in a bull flag pullback after sending a sentinel northward to make a higher high.
Today USD is making a move to break the flag. I am not going to over-define the meaning of this because gold is also breaking upward and silver is above its daily SMA 50. Too much theorizing in a complicated market can backfire. There are the Gold/Silver ratio, Treasury yields and other indicators to consider in a market sending some mixed signals while in transition.
So for now, insofar as we use the USD as a market indication, consider that indication to be making a bullish move today. I will not read more into it than that for now.
