The chart of silver is still in a bearish setup. I should have noted that in the previous update. Basically, what we have here is a daily technical pattern (bearish H&S) vs. the view that this is all just a volatile handle to the previously noted bullish Cup & Handle, and the positive seasonal. Just not worth it to me at this moment to be short. But if the H&S pattern is the true driver, silver is still technically vulnerable.

