Silver Approaching Important Pivot Point

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While many investors are likely frustrated by the selling pressure, it’s important to note that nothing goes up in a straight line, and these pullbacks are entirely normal, as long as key support levels are held. For now, silver continues to hover above its key support area at $22.00/oz, and key ratios also continue to remain in a positive alignment, with the silver/gold ratio above its multi-week moving average. This suggests that this is merely a shake-out vs. a continuation of the 2021 cyclical bear. Let’s take a closer look below:

(Source: TC2000.com)

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