pneustack

https://blog.smartmoneytrackerpremium.com/

I think he calls the market pretty well and one of the few TAs that I pay much attention to.
His "yearly/imtermediate/daily cycle" system is simply a way of framing trends within different timeframes.

There are likely many factors.  I'd start with the Dollar index first, because it is the highest since May 2017.  Metals arent always inversely correlated to USD obviously, but at the moment the relationship appears to exist.  Secondly my mind goes to the recent liquidity crunch for big banks and the overnight desk/repo market... I think its absolutely a possibility that funds and banks are liquidating some metal and bitcoin holdings to cover other positions.  Then you have the end of the quarter and a lot of rebalancing going on, which given the recent run of metals would suggest a lot of funds need to shed that gain and rebalance into underperformers.   Next you have China's "Golden Week," there is a good writeup on Zero Hedge about this today.   Trade War is quiet, War with Iran is quiet, Trump impeachment is quiet- ie a lot of geopolitical risk has been tabled or at least isnt front page news.  Plus manipulation.  🙄  The point is there's likely a confluence of factors, many we can speculate on, but the best "known" which exists at the moment is that we get to continue stacking for cheaper.   Also, fwiw, I think the Jan 2020 monthly SO/Silver contract options for COMEX expired on 9/26.  Cheers!

From Tropical storm Imelda, I recorded over 11 inches of rain. Eleven years ago, I had 45+ inches of rain from Hurricane Harvey. I am on high ground here. Got to keep my stack dry!

I dig the charts and agree.  there is a cluster of support/fibonaccis around 17.65 - 17.50 and then the prior consolidation level and simple 3 month moving average resides around 16.35 (which is where I would personally back the truck up).  Additional support might be in the $17 range for psychological reasons/round number, as well as being 50% retracement of late May 2019 low to early Sept 2019 high.   
Truth be told, as long as SI is sitting in the 80-1 range to GC, I B stackin. 😎 

I dig the charts and agree.  there is a cluster of support/fibonaccis around 17.65 - 17.50 and then the prior consolidation level and simple 3 month moving average resides around 16.35 (which is where I would personally back the truck up).  Additional support might be in the $17 range for psychological reasons/round number, as well as being 50% retracement of late May 2019 low to early Sept 2019 high.   
Truth be told, as long as SI is sitting in the 80-1 range to GC, I B stackin. 😎