SILJ WEEKLY
July 5, 2023
The uptrend line on the weekly chart of SILJ was tested, let’s see how big of a bounce it gets, now that we have passed the seasonally worst time on average for miners in June. The winds should be at our backs until the third week of September, if history is any indication. Also, the miners have confirmed new daily cycles, and have already made swing lows on the weekly charts, now we wait for them to get over their 10 week MA to confirm a new intermediate cycle as well.
