Jordan Roy-Byrne – Ugly Chart And Monthly Close Under $18 Set Silver Up For A Potential Move Down To $14
Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us to review his technical outlook on silver, gold, and when they will diverge from the general equities markets. We start off by getting his technical levels to watch for support in silver down around $14, now that we saw a monthly close under $18 and with such an ugly chart. Next we pivot over to gold, and where he’d see support coming in if things were to break lower. We then get into a larger macro discussion about the nature of the bear market in PMs and general equities, how long it could last, and what catalysts would cause the precious metals to diverge from US stock markets.