During the last cycle top, silver peaked long after gold topped and made somewhat of an angled ascent. Prices touched the trendline three times before terminating. The current topping process could be following a similar pattern with the third and final touch arriving today. If that’s indeed what’s happening, then I would prefer to see silver prices stop right around $16.30 today and certainly remain below $16.40.
It’s very early in the day, but I like what I’m seeing in gold, the miners, and the US Dollar so far regarding our analysis.