Monthly still looks fine to me, however the daily has had considerable damage, with the gold/silver ratio heading toward 100, something must give soon. The problem with the equity market is that leverage is massive and then of course do not forget all the passive ETF's. I was looking after model portfolios for an investment house during the early stages of Covid, even the likes of Vanguard suffered from liquidity as investors bailed. The BB's will be loving this, silver is no different as I suspect some traders still use leverage. Let's face it the equity market was well and truly overvalued, the Schiller PE is still above that of 1929. The tariffs didn't cause this swoon, it has been an accident waiting to happen. You only need to look at NVD to see how much leverage was in the system.
IVR Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)