The rally in Silver prices has been fast and furious, producing a steep up-trend on the Silver ETF NYSEARCA: SLV and Silver Futures charts.
A similar rally can be seen in treasury bond yields, specifically the 10-Year Treasury Bond Yield INDEXCBOE: TNX
In fact, treasury bond yields and silver futures peaked together back in 2016 and bottomed together in 2018.
Looking at the chart, could Silver & Yields be peaking again at the same time?
Note that both silver and the 10-year bond yield are nearing the same levels they both peaked at in 2016.
Stay tuned!
Silver Futures Chart
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