The chart is a 10-year monthly of the iShares Silver Trust (SLV). There are four things taking place that cannot be ignored. (1) this month marks the seventh consecutive month where we’ve had a red candle; (2) the divergence from the 20-period moving average is the widest it’s been in 10 years; (3) the divergence from the 20-period moving average is the widest it’s been this decade; (4) we are positioned right at a major role reversal support level.
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