Didn't take long for price to reverse on Silver especially. And that's with bullish commodity news and DX down to new selloff lows. Silver is very overbought with a strong negative divergence on the CCI 20 for several days now. It is especially sensitive to divergences. And the RSI 21 rarely tags the very overbought zone of 70 before selling off and has done that as well and is rolling over as well. Price did not even rally to the Fib 38.2% level which was a very weak rally so far. The channel breakout between $26.50 and $30 was $3.50 deep and did complete its projected rally from the breakout. Perhaps only a correction will occur but the momentum has shifted from up to down now and will need some adrenaline from Big Ben's QE to get reignited again. Historically the seasonal trend charts in multiple time frames sees Silver rally from mid Aug to the end of Aug to early Oct before a major selloff occurs but can top out anytime in September. Any single year can see Silver top out before a deeper and longer correction occurs in October. So today's news and a DX selloff didn't help Silver. Let's see what the next couple of days brings, as that will be the key to direction.