Silver failed hard today, had a small short term position get wrecked. Still don't think it's over, but that pennant break the downside is rough. I'll be watching for a retest of the major trend line it broke for another long on it.
Comment:
This could not have worked out much better. Silver had a perfect retest and bounce which led to a nearly 5% gain on the session today. It's hard to find an entry now, but I'll be watching for any buyable dips. I don't think silver and gold will be stopping here unless yields continue to rise.
