$IWM finished at its low, triggering a short-term mean-reversion signal. Last one, two weeks ago, went +3%.

Looks like silver got the memo.

Composite precious metals relative sentiment (a combo of gold, silver, dollar, euro, yen, and pound relative sentiment) has been bullish for precious metals for the entirety of 2025 except for a small window around Liberation Day. That said, in recent weeks, the strength of the

Will silver: a) Enter a correction before all-time nominal highs b) Hit all-time nominal highs and begin a correction c) Blow right through all-time nominal highs Positioning for precious metals in currently in a nirvana state when it comes to how bullish it is, so there's a

Composite equity relative sentiment (CERS) is not rolling over, in fact it got more bullish last week, rising from 58% to 72%. Since 1994 (2018), the U.S. equity market has annualized 22% (22%) with a Sharpe ratio of 1.4 (1.4) when CERS has been between 60% and 80%.

The gold/silver ratio should be a bit concerning for silver bulls. It's near the bottom of a falling wedge and at the lower trendline of a multi-year rising channel. Positioning is quite bullish for silver currently, but this technical setup might lead to a rug-pull before $50.

This 16-month heads-up on where $NVDA was headed played out.

Still concerning for those long silver futures....

Dec silver futures can't sustain above 48.50

A near-backtest of the 48.50 level on Dec silver futures before bouncing. Precious metals relative sentiment remains in a near-ideal bullish condition for silver. x.com/RelSentTech/st…

Gold/silver ratio remains in falling wedge pattern-- suggests gold may outperform silver near-term.

$NQ / $RTY ratio falling out of bear flag, as megacap tech languishes and Russell 2000 goes vertical.

$RTY is on fire, but it would be somewhat shocking if it broke back into this channel on the first try.

Despite how well silver has done, it hasn't gained any ground on gold since September 24th. Falling wedge not auspicious for silver outperformance (unless it ultimately falls deeper into the wedge).

Gold/silver ratio threatening to break higher out of its falling wedge. Let's see if it's a head fake and the ratio falls deeper into the wedge with silver outperforming from here.

The falling wedge in the gold/silver ended up playing out bullishly for the ratio (bearishly for silver).

The 48.50 in Dec silver futures getting tested again

Gold-silver ratio backtesting the breakout.

$GDX looking like it will backtest its former all-time high around 67 (blue line; currently 69.86 premarket down from an all-time high of ~86 last Thursday).