Long Silver to Year VWAP

Simple chart, simple idea.

Looking at the mid term year seasonality since 1982, we may get a 4-5 day rally with the Euro as DXY looks to be in a major daily/weekly blowoff.

Ultimately the better time to buy precious metals again may be June and July.

Gold is forming a very similar blowoff pattern when compared to August 2020.

Commentaire:

Failed trade, deflationary trend continues for metals after the big blowoff during the March seasonal top.