- Silver has formed a four-week long weekly coil just above its 50 week moving average, something that has happened only 4 times over the last 16 years.
- Each time this has happened, silver rallied within weeks to new highs.
- Gold is also testing its long-term trend line since 2019, and platinum is coiling in the same way silver is.
- With June CPI inflation numbers due and the Fed's reaction to them on the FOMC meeting at the end of July, the resolution to these technical setups could be intense.
For further details see:
Technicals Align In Gold And Silver As June CPI Beckons