The US dollar index daily chart is showing that the 50-period exponential average and a previous swing low are currently acting as technical support. Watching for a break lower than today’s low price or better still below the daily 200 ema in blue, would be a good continuation trade for silver longs. Whilst the US dollar is receiving favourable flows to the long side, the silver traders should be waiting for the XAGUSD to come down to a support level to buy the dips. Gold could be at $2300-$2500 on the Comex exchange as the likes of LBMA become physically backed by end of 2021 beginning of 2022 as per Basel 3 requirements. As the LBMA move from unallocated to allocated contracts, the demand for physical will push prices higher. Two more delivery dates to keep an eye on are the October 2021 and December 2021 with the latter being a very busy month. If the gold spot price were to rise, the 10-year trend for the Gold/Silver ratio could be 100:1 which would be silver remaining at current prices, but realistically 75:1 would have silver trading above $30/oz by the end of the year. Many silver investors believe the real (unmanipulated ratio) should be 16:1, which is why so many silver stackers get excited about the end of unallocated markets and rising precious metal prices. At a ratio of 16:1 and gold prices around $2300 by the end of the year, the silver spot could be $143/oz which would be more than 10x the price in March 2020.