Both gold and silver broke key, prior corrective lows Wednesday, but neither followed through to the downside with the ferocity we have come to appreciate when the precious metals roll over into a major sell signal.
That said, they do not have much room to operate before they press beneath more critical support levels, which if violated and sustained, will argue that a June-July top is confirmed.
Levels To Watch
All eyes are on $1305 in gold and $19.21 for silver.
Conversely, above $1325/30 and $19.85-$20, the metals are back in business.