GLD, daily
SLV, daily
Summary
Price action is a real mess in the metals, especially for Silver - which remains very close to the recent collapse wave lows. We saw the third consecutive reversal (hollow red) candle on GLD, and there was also one today for SLV.
Underlying MACD (blue bar histogram) cycle is ticking low for both Gold and Silver, and is set to go negative cycle within the next 2-4 days.
Its very difficult to call how this is going to turn out, but the bigger weekly/monthly charts warn of much lower levels in the months ahead.
