Weekly Silver Report

"Freedom . . .The American Way" these days seems to me to mean zero freedom and if you dare complain, it is off to the gulag.

Last week I reported that silver was on the verge of making a LOWER LOW and then magically silver rallied hard.

So from a technical basis, silver now has a HIGHER LOW. Unfortunately, silver remains in NEUTRAL.

Great question with a simple answer. At this juncture the bulls need to take out the prior high in order to establish an UPTREND. An uptrend being defined as a series of HIGHER HIGHS and HIGHER LOWS.

In order to turn silver into a DOWNTREND, the bears need to halt the recent rise in silver below the prior HIGH and take out the the recent LOW. A DOWNTREND is defined as a series of LOWER LOWS and LOWER HIGHS.

Since neither BEARS nor BULLS have established a clear trend, silver remains in NEUTRAL.

source: JM BULLION

There is a fire sale going on American Silver Eagles with a premium of only $6 above spot.

Peace out and Stack On!