Thses are clips from recent Midas:

The precious metals are showing strong indications of a possible breakout. Though we are entering the May to September period, one of historic softness, the technicals are looking stronger each day. Gold has managed to break through resistance at $1,160 and retest the level, falling below then moving convincingly through and away. Silver broke through $18 followed by repeated moves through that level in both directions until we get the strong move this week. Technically both metals are hinting at breakout!

There was some liquidation in silver, which is no surprise considering the extent of the JPM induced clobbering. Its open interest fell 1371 contracts to 123,448.
At the moment JPM is getting away with their anti-trust violating raids, pounding silver to engender thinking that silver should be viewed as a base metal and not as money. PRICE ACTION MAKES MARKET COMMENTARY. Because markets are liquidating, the pundits view silver as such. It is such a scam, which one day will be a big scandal. In the meantime the pounding of silver helps The Gold Cartel in their efforts to contain the price of gold which wants to explode.

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Gold was comprehensively flattened by the 50,000 lot, c. $22 blow it took between 10AM and 11 AM NY time. After a feeble bounce it weakened again to settle down $14.10 in the June contract at $1,169.20. Estimated volume was 179,777 contracts. The CME Preliminary indicates actual was 202,960, 12.9% higher. By 4PM gold managed to edge up some $2.80 to stand some $8 below Monday’s 4PM level.
Gold shares by contrast showed some resilience. Ignoring gold’s initial strength (the XAU was never even positive on the day) the HUI and XAU bottomed down 3.02% and 3.18% respectively, and then recovered to close down only 0.8% and 1.23%. Informed short covering?
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"Good-old-fashioned" short sellng
The CME Final reports that yesterday’s $25.90 intra day plunge to a close of down $14.10 in June gold was indeed on volume of 202,960, 12.9% above estimate. Open interest, however rose 674 lots (2.1 tonnes) to 551,616 lots. Long liquidation and stop-loss selling could not offset fresh short selling.
Sheltering comparatively safely in its FX/gold positions, The Gartman Letter opined very early today:
"…there was no manipulation at the hand of some governmental organisation that was the culprit seller in gold yesterday. Rather, the selling was good-old-fashioned
liquidation. They may be more yet today. Indeed, we are quite certain that they shall be."
TGL is simply wrong: this was good old fashioned short selling. As to the character of the party willing to take this risk in a storm of risk aversion, that question remains open.

Both metals were up this am yet they have beed turned and heading down. I think there is a good chance of a positive close in both and a strong move into next week.