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Yes the Modified MACD is starting to frown right at the important 0 line. Not a good sign for Silver. Also see the RSI 21 plunge below the 50 line in early May and run up to the underside of it as resistance and roll back down again. Also not a good sign. And see price fall below the 20ema and 50ema and bounce back to both these now falling important moving averages and fail to clear and roll over again as well. Also not positive signs. The dead cat bounce in price was also a weak Fib 38.2% retracement as well. While there are no guarantees in this financial world there is alot of bearish technicals on this chart for sure. At the same time "IF" price cleared $39 I'd be long for sure as the only thing that is ever truly right is the market. Gotta play the hand that it gives you.(or not play at all) When in doubt stay out works too. But I don't plan on getting bit in the ass by Silver. And it loves to bite.... And DX is 'setting up' for a big postive divergence if it tags that double bottom soon on a sharp selloff. That would be typical and serve as an excellent reversal point bouncing back strongly on some b.s. story and trashing every market in its path. It loves to do that now and again when the financial world shorts the crap out of it and doesn't show respect.

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