Silver Euphoria Meets Reality

Silver technicals

Silver is printing a second consecutive down candle, believe it or not, that hasn’t happened once since the squeeze kicked off. The steep trend line remains intact, but price is now below the 8-day moving average; we have only closed below it once since the melt-up began. Short-term make-or-break sits around $75, with the 50-day near $60 and the 200-day down at $44.