SILVER: Unable to outperform in the face of a strengthening USD

With gold outperforming and its technical overview in an initializing bull trend, silver’s consolidatory overview that continues to show negative bias is a clear contrast, and in these scenarios the two have a tendency not to hold opposing technical overview for long. As it stands however, the bulk of its technical indicators are neutral and with a non-trending ADX, and in the process testing 95% extreme long retail traders who have been holding those longs from much higher price levels.


August 14, 2019