Silver: Sunday & Overnight

It’s about 9:37p.m. EST, on Sunday. Price action in the futures markets (SIK21) has silver up about +0.40%.

Projecting that action onto the regular daily session of silver, has it within the black box; located right up against the blue trend line.

At this juncture, the down-trend is still in effect.

In others markets … real estate:

A report just out by Uneducated Economist has ‘boots on the ground’ reports lumber inventory (for housing construction) is piling up at mills at levels never before seen … ‘stacked to the rafters’.

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

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