Conventional wisdom would tell you that precious metals should be lower in this environment. Trade deal, stocks at record highs, yields rising. Silver (and gold) should be weaker. But, it is not.
After finally finding a near term top over the last couple weeks as we probed levels we have not seen since 2011/2012, gold looks like it produced the pullback that most people were waiting for.
The Silver market has exploded higher reaching what may be called a “Fever Pitch” as the DSI (daily sentiment index) is at extreme readings and RSI is extremely overbought.