This update reviews the latest technical structure in silver, the US dollar, and their broader market context.
Price action shows a tightening range with competing signals: a potential bullish falling wedge versus a developing bear flag in the short term.
Volume contraction suggests a significant move is approaching, while momentum indicators remain mixed but stabilizing.
Key support and resistance levels are clearly defined, with silver testing critical zones that will likely determine the next directional trend.
Longer-term charts continue to support a bullish outlook following the major breakout pattern, although near-term volatility and possible downside pressure cannot be ruled out.
The US dollar’s recent weakness may act as a tailwind for precious metals if it continues lower, reinforcing the case for an eventual upside move in silver. This analysis focuses on identifying the inflection point where risk is defined and opportunity emerges.
Keith explains the recent gold price movements and the why and how of Turkey’s gold sales.
He also talks about his extensive research about gold correlation to things like interest rates and war. The repatriation of France’s gold is mentioned too and how the relationship between Europe and the US reached a low point.
Keith lays out how a new gold standard could work, how the demise of the dollar is unavoidable due to the debt build up and that there are no paper alternatives. He doesn’t believe the yuan or whichever currency can replace the dollar. Gold will though he believes.
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