On shorter time frames (1-4hr), a bullish diversion can be spotted on Silver when comparing the lower lows on the chart to the higher lows of the RSI. This may be foreshadowing an improving trend.
Feel free to check out my previous Silver chart for a long term chart analysis of Silver (linked below).
It seems that when EURUSD, GBPUSD, EURJPY, GBPJPY are struggling than the equities like gold and silver tend to struggle more.....What do you think of this DOMINO effect?
Tastemaker
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@pmifsud, I haven't looked into that correlation. Do you have charts on that?
pmifsud
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@Tastemaker, I simply record data highs and lows and try to devise an opinion based on a long period of time.
Tastemaker
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@pmifsud, It's interesting. What do you make of it?
pmifsud
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Excellent find my friend. This signifies a trend reversal