June 25, 2024 - (Gold Market Wire) - Silver is struggling to regain its composure, as the market continues to digest the recent rally. Right now, our big Friday sell-off is still causing a 'hangover'. The. market needs to get a move on, or we could be ready for a pullback that may have some sustenance in it.

We haven't broken down yet, but have no doubt. This market needs to get a move on. We're buying against the channel bottom (i.e. here), but we'd be remiss if we didn't say that we're not going to stay in the game long if the channel gives way. It's a 'risk/reward' proposition, with a finger on the trigger to cut if we start to drift away.

The metal will remain vulnerable, as always, to a big chop in the equity markets, if we get it...if we ever get one again. Everyone is looking for the proverbial September sell-off - or even earlier - in the run up to a Presidential contest so marred by political toxicity it would be better if everything were just cancelled and nobody was President. In such a pre-election scenario, a sell-off should hit gold and silver. But if the banks start to falter, then the metals will become a life raft.

What a mess.