iShares Silver Trust (SLV)

[Extreme4Reality]

Death-Cross = Retest $26, then $22, $18, and LOWER

Silver has the ugliest chart on the planet.... Gold is just about as bad.

Both Silver and Gold hit Death Crosses several weeks ago as the 50-day moving averages plunged below the sagging 200-day moving averages signalling crashing prices for the rest of the year.

The last time silver hit a death cross, prices fell for 9 months.

The US Dollar value continues to skyrocket. DXY (ICE dollar value index) is now at 82+ and rising. It was only 72 five years ago.

Meanwhile, oil prices have fallen from $150 five years ago to $115 two years ago to $99 three months ago, and now $93 and falling.

Sequester = Cuts in spending = Cuts in commodity demand = crashing commodities prices = oil and silver prices dropping and US dollar value rising.