SLV has active bearish patterns (bear flag, head-and-shoulders) targeting 5326, but recent bounce off long-term channel support suggests potential upside to 6650 if 10-year yields decline.

Now into silver. Silver also did have a decent wick at the bottom of its chart today, but it didn't really have the returning power that I see in gold, at least for the near term. Still in a bare flag pattern, still with a head and shoulders pattern active. That does tell me target could still push down here to 5326. Medium reprieve would be uh in due or a store for silver next week if we do have those 10-year yields pulling down on the chart. The key level for me to watch if we do have silver pushing up near term is this neckline. We get price above this neckline that exes out this head and shoulders target down here at $5326. Notice though where it bounced today, right here on the 50% area of this parallel channel. Now, I've gotten a lot of TA through here, so it's kind of hard to uh distinguish when I zoom out, but this parallel channel, as you see here, guys, it goes all the way back. And let's flip on the weekly so you can see it a little bit better. We start this parallel back here in January of 2008. That's just remarkable, folks. That's remarkable. It's insightful. It's something that you guys should take home with you because when you see price action come down and tag that 50% area of the parallel and then get bounces off of it. We're talking about something with the chart that's so old, but yet this 50% is still playing a part in support after price went above and then since now come back down and has gotten support. So, be watching silver in the near term with that 10-year yield. If we have it pulled back any at all, we're going to be making an attack for that neckline right around this 6650 mark on the charts.