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As goes this leading ratio indicator (Silver Wheat/Silver) often times, so goes Silver! 

Most are well aware that the metals complex has been very weak of late, with Silver leading the way to the downside. What has been even weaker than Silver over the past 60 days? Silver Wheaton, to the tune of almost twice as weak!

The SLW/SLV ratio of late met dual support points and then turned higher, breaking above steep falling resistance. In the short-term, this is a positive signal for the Silver complex.