The dollar had a failed daily cycle yesterday. The dollar is on week 19 of the intermediate cycle and is in the timing band for an intermediate cycle low. We are likely going to also have a failed intermediate cycle. Given the extreme left translated nature of this IC, it would mean the next intermediate cycle will likely also be left translated. This will be a great environment for all our metals trades.
There is tremendous resistance in silver at the $21.25 level going back 4 years. This could be it a few days but I expect silver will eventually take that level out. As I write this silver is trading above that level so never mind. lol