As enthusiastic as I am about precious metals, I wrote two days ago that they were probably due for “a pause that refreshes.” Both gold and silver have been weakening since then. Here’s SLV:
![](https://slopeofhope.com/wp-content/uploads/2024/08/slopechart_SLV-2-640x338.jpg)
I think we need to successfully challenge that blue line before getting long again.
![](https://slopeofhope.com/wp-content/uploads/2024/08/slopechart_SLV-1-1-640x338.jpg)