It seems that Silver has now pulled back to retest the inverted...

It seems that Silver has now pulled back to retest the inverted head and shoulders breakout. There are about 3 other key TA patterns that have also been confirmed just today. With a higher than anticipated US ECI last night, people are starting to realise that inflation isnt going away (https://www.cnn.com/2024/04/30/economy/employment-cost-index-eci-wages-q1/index.html).

With the FED rate hike decision tonight, we might have enough inflation for their continued pause in rates to justify a Silver and Gold breakout i.e. 1970s Stagflation breakout. If the FED signals that they are ending the MBS and treasury selling, that would add significant fuel to the fire.