The Silver Tribe Makes Its War Cry

Of all the tribes out there, the silver tribe has been one of the more quiet and docile ones in recent years. Often lagging gold rallies, silver and her miners has also taken a backseat to industrial metals and miners, leaving silver miners at the bottom of the barrel more often than not, unable to hold so much as a decent bounce after a vicious multi-year bear market. 

Today, however, given silver and many silver miners' technical predicament of facing a 200-day simple moving average (yellow line on SLV silver metal daily chart ETF, below), silver bulls are finally letting us hear their war cry.

Note the uptick in buy volume to accompany the price move, not just for silver but many of her miners. WPM is an outperformer we have flagged for Members previously, but now others appear to be getting into the mix. 

One day, as we know, will not entirely change the game, though. Thus, it is imperative for silver bulls to vigorously defend any dips back down to that SLV 200-day around $16.