Trading commodity futures and options involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources.
Silver futures declined today (6/28) along with gold and high grade copper.
This move lower for September silver generates a sell signal on the daily chart. Silver issued a sell signal on its weekly chart last week and the trend is down on the monthly chart.
August gold futures similarly issued a fresh sell signal on the daily chart today. Gold gave a sell signal last week on the weekly chart and this is the second month in a row gold has closed below its 20-period SMA on the monthly chart, a bearish indicator.
Both precious metals have little support below.
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