Prices tend to overshoot in the precious metals sector making analysis difficult at times. The next few sessions are incredibly important, and if prices don’t top soon, I will be forced to reanalyze.
Silver is overshooting the right shoulder target; gold is still on track and the more important pattern of the two.
Prices are overbought, and negative divergences abound there is no logical reason why they keep rising without a meaningful correction. If I don’t see topping action soon, I will issue a color change.