(Click all on charts to expand)
The larger degree pattern in Silver on the Daily resembles an Unorthodox Bearish "Head and Shoulders" pattern with a raised "Left Shoulder". An "Igniter Move" breakdown in the downward sloping trendline/neckline could send Silver on a "Waterfall" like decline to the low 20's.
I would like to put away some Silver for the long term and so I don't mind seeing a waterfall decline.
Also in the metals is the continuing divergence in the Industrial Metal Copper, where one would logically think that demand for Copper would be strong in the face of a raging Bull Market in Equities across the developed and emerging economies of the world.
Equities didn't take long to fill their gaps yesterday, but Copper kept heading south below Major trendline support.
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