by Clive Maund
Silver had been looking frail before last week’s breakdown, now it looks downright weak. It had been underperforming gold persistently in recent months, and the steep drop last week has greatly increased the risk of it breaking to new lows before much longer.
A bearish article on the PM sector was posted on the site on the 8th, which included a specific warning about silver dropping away as it was seen to be failing at a resistance level after a relief rally. This article contained the following chart…