Silver Momentum — A Shift in Character

The first chart is the most uncomfortable one — and that’s exactly why it matters.

Momentum is rolling. The daily rate of change is flashing something we haven’t seen since the last major peak. If silver closes down here, this would represent a shift in character, not just a pullback.

That does not mean the entire bull market is over.
It does mean the trade may be transitioning from acceleration to digestion.

Jesse Livermore said it best:

“The game taught me the game, and it didn’t spare the rod while teaching.”

This is the part of the game where traders give back years of work by refusing to listen.