No breakdown---just a rude interruption.

ABC of Silver (&Gold)
CIGA Eric

A – The surge above the 1/20/10 gap on a sign of strength on 5/11 was a technical breakout.

B – The subsequent break below the 5/11 gap on a significant contraction in volume was a false breakdown that will be reversed in time.

C – The retest of the 5/5 gap on decreasing volume suggests that the downside force is waning.

Whatever cannot go down with force will reverse and attempt to go up with force. The reversal should come once the margin selling subsides in both gold and silver.