Silver is Getting a Bit Frothy

Bob Moriarty
Archives
Jun 2, 2020

It’s not uncommon for the metals to want to take a break in late spring. Silver has been on a tear lately and is getting a bit frothy. The DSI is at 93 and while that is not saying we are at a major top, it does suggest that a correction into perhaps August would not be amiss.

In addition the silver seasonals favor a correction from May into August. Silver and silver shares have been blasting higher and taking some profit off the table is not a bad idea. We are not at a major top, we are nowhere near as high as silver is going to go but markets go up and markets go down. It’s not manipulation. It’s how life works.

(Click on image to enlarge)

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Bob Moriarty
President: 321gold
Archives

321gold Ltd