We thought that you would appreciate a quick update from us given today’s volatility in silver (we generally do not post alerts when the U.S. markets are closed and you will receive the regular alert tomorrow). The white metal is moving sharply back and forth today, having moved to $21 initially which was followed by a slide back to $20. It appears that this is the topping pattern for the white metal as there is no corresponding action in other markets - gold is up but only $8 and the USD Index is not doing much. Based on the price at which silver closes today, we may get the final bearish confirmation in the form of a big “shooting star” candlestick.

As always, we will keep you – our subscribers – updated.

Thank you.

Sincerely,
Przemyslaw Radomski, CFA
Founder, Editor-in-chief, Gold & Silver Fund Manager

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