SD Outlook: Lock-n-load. Gold & silver are under attack as this is the most critical week of the year…
First things first. Let me see your war face:
In December of 2015, silver bottomed two days before the December FOMC:
In 2017, that corresponds to today.
In 2016, silver also bottomed around the FOMC:
Silver was smashed the day after the FOMC, and silver then bottomed six days later.
If silver follows suit, this could be a very nerve-wrecking week.
The problem, however, is that silver is very oversold right now:
This is not to say we can’t go lower. But looking at the chart back in July when silver printed at $15.14, we seem to be right there again as far as the technicals go.
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