Already Below Resistance
While gold (GLD) is just above its resistance breakout, silver’s not waiting around.
It’s already below its breakout; apparently leading to the downside.
The metals look like they’re not exempt from financial conditions (deflation); they’re at the cusp of reversal.
Silver (SLV) Daily Chart:
The next chart zooms in on the reversal area.
It’s clear; SLV is now below resistance … a bearish indication.
At some point and if you live long enough (and have a working brain) you realize it’s all about manipulation.
Everything is manipulated.
Separating from that trap is akin to mental bravery; setting you apart from the mindless herd and at times, in opposition to that herd.
Silver (SLV) is down a whopping -53% from its high set over a decade ago in April of 2011. How can we be in inflation or hyperinflation?
That’s to come … maybe.
Right now, silver’s giving us a signal; lower prices ahead.
Charts by StockCharts
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