The daily charts backs up the observation from the weekly chart. Price made a new recent rally high but closed lower than the previous day while at a 50% retracement/potential resistance area. In down markets, half-way retracements tend to check rallys. What happens in the next several trading days will confirm, one way or the other, a failed swing rally high or a rally breakout. Money is made by following the market’s proven and confirmed behavior................. The information gleaned from chart market activity, in the form of price/volume behavior, is telling us that no bottom has been confirmed, factually speaking. Many may believe otherwise. http://edgetraderplus.com/market-commentaries/gold-and-silver-is-a-bottom-in-nothing-confirmed