I really don’t see a very solid case to go long DSLV based on that chart & of course, that is the inverse (a short) on silver. I will say that DSLV recently broke out above this 60-min bullish falling wedge but since the breakout, it hasn’t really gone anywhere, trading mostly sideways…similar to that previous falling wedge breakout on this 60-min chart.

In this quirky, Fed-driven market, many of the historic correlations, as well as the signals given by certain market developments, such as credit spreads (the spreads between high-yield & Treasuries), no longer works or at least is significantly distorted in many cases, as the massive Fed intervention has all but destroyed price discovery.
Bottom line: I’ll take each chart on its own so if gold & silver hold & rally off support and/or break out above the trendlines, then that is bullish & will present objective long entries, regardless what the S&P 500 is doing (and what gold does vs. the stock market is even less important than what the currencies do as gold & equities have often traded positively correlated over the past year or so).
As of this morning, the Euro has reversed & rallied off that support with gold & silver up as well with the $USD starting to move lower off that resistance level & down within the rising wedge… all helping to support the near-term bullish case for the PM’s.

But also held 3100 with after hours crash below. in limbo

This was the most mellow day for SPY since the crash. It looked like it tested the 312 resistance and failed.

Also am I reading this completely wrong or is DSLV a buy?? https://www.tradingview.com/x/XsGRvRhm/