Silver – Monthly Analysis

The June monthly prints are now carved in stone, allowing us to fully evaluate the outlook for Silver after its decline of more than 50% from the top. Is the metal ready to recover, or does it still have unfinished bearish business? In this monthly report, we examine Silver through its underlying technical forces, evolving risk profile, and key inflection points to determine the most probable path for the next major move. CANDLES: Silver closed June with clearly bearish signals. The monthly, 2-month, quarterly, and semiannual frames all printed strong to extremely strong bearish candle formations, supported by solid technical confirmation. The long-term damage we have been tracking since January, when it first appeared on the weekly frame, has now expanded all the way to the semiannual timeframe. I also completed a close comparison of Silver’s current technical and candle structure with its two previous extreme peaks. The metal appears…