16May3:52 pmEST

The Summer of Silver for Better or Worse

Headed into the closing bell, it may be overlooked that the silver metal, below on its ETF's weekly timeframe, has flirted with major breakdowns since last year.

However, as ugly as the action as looked at times, the multi-year bear market bottom (outlined) remains confirmed and has yet to be negated. Another move below $15 on the ETF can change that. 

But with a few attempted breakdowns blunted by buyers at the last minute since 2016, I suspect this summer we should finally get insight as to whether silver (and gold, and precious miners) have truly bottomed. 

More on the market after the bell in my recap. 

Let Them Drink Asparagus Wat... Stock Market Recap 05/16/17 ...

 
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