Double Top is inSilver - CashCMCMARKETS:SILVERgarethhallsterKind of an amazing week for Silver but its hard to not conclude that the double top is in. I was completely wrong with my prior bear flag hypothesis and Mr Market was so kind to throw a few more bullish candles at us to stop out the shorts (Luckily I was neutral) & confirm that top at $54ish along with a really ugly RSI divergence indicator. I am fully out of metals now as this market is wild and unpredictable now but I do think that maybe this precious metals bull market is over and we will get a bit of mean reversion now. On a longer time frame, the 200 day EMA is down at $40 in Silver and the 48 month is at $30 - In 2009, on the monthly chart, the distance between the 48 month EMA touch (July 2009) and the peak in April 2011 (the then all time high) is 21 months. Its currently 21 months since we made contact with the 48 month EMA in Feb 2024. Just something to note in extended bull runs.