Silver

Today, we may have seen a possible low form in silver, although further price action is needed to confirm this potential reversal signal.

Earlier, we noted that gold had held its own above a key support level and that it may be on the verge of a comeback given the recent falls in bond yields and the Fed’s U-turn on interest rates. But it the other major precious metal which looks even more appealing from a technical standpoint:

Gold and silver have failed to shine despite falling bond yields in recent days, and today both metals slumped hard.