Today the Silver ETF broke back to the upside which would ordinarily be bullish, however there is are two reservations to my enjoyment.

1. The gold stocks have been holding back because of lack of demand (and faith in gold's staying powers).
I think its Pure caution, the central banks still hate PMs role as a lie detector. And they are lying.

2. The Silver buying was centered principally in the hedges, meaning it is just part of something else they are doing (connections count but I am not connected to this one.SLV its cheaper than gold; is that enough?).
The gold/silver ratio is low too.

So, may be not so bullish. I am watching my stops on PM and expecting the equities in general to reverse down hard , 9800 Dow in the next few weeks. If we live through that the next test of your humanity will be Congressionlly induced inflation. Long run PM are important just don't get weak.

Best, Islander.


Silver etf

Islander
I believe any price movement below $15 would be an indicator that silver is done for awhile. $15 was resistance for a long time and I believe it to now be IT support. For now I cant see why silver wouldn't reach to nearly $20 on this run. Will know in the fulness of time.
Best to you