Interesting chart and also note how oil is similarly under the same technical pressure. Further evidence the commodity sector should be approached with caution going forward, as the Leading Economic indicators (see 3rd chart) suggest a lot more pain lies ahead in this sector and within the broader economy as a whole. Nice to see Silver is holding up well as it has evolved into a harbour of safety and is no longer dominantly viewed as a simple commodity. A repeat of Silver's crash performance ala 2008 is not in the cards. In fact quite all things being equal the opposite is in store in the next few weeks as the PM cycles turn positive.