The brightest and nicest thing about this post is pictured above. Other than the Silver American Eagle from the 
On the daily chart, silver remains in a down trend with a series of LOWER HIGHS and LOWER LOWS. We are definitely in the Summer Doldrums for the precious metals market.
The prices for silver usually bottom out towards the end of July and the beginning of August.
On the WEEKLY CHART silver remains in an uptrend, with a series of HIGHER HIGHS and HIGHER LOWS. The uptrend on the weekly chart remains intact unless silver breaches the previous low which came in at $19.83.
source: JM Bullion
The premium on American Silver Eagles remains at around $15.00 per ounce.
Now for the chart that everyone needs to pay attention to, and no it is not stocks or gold, but rather the yield on the 10 year treasury.
So if anyone was hoping for a rally anytime soon, forget about it! As long as the yields are rising there is serious headwinds for all assets including stocks and the precious metals.
In a fiat system, the yield on US Treasuries, at least for the present, remains the main driver.
Yields go up then stocks go down! I think Paul Volcker may have said that sometime in the last century. Maybe or maybe not and I just made that up either way it is a good observation.
Peace out and stack on!