Silver held up fairly well in trading during the week of November 7, but the rally definitely started to show some signs of fatigue. It’s now highly likely that we will see Silver swing back to the downside around the time of the November 16 New Moon (our most recent studies indicate that New Moons trigger trend reversals in Silver about 80% of the time), but what’s really interesting here is the way that heliocentric Venus and Jupiter have been defining support and resistance for Silver lately. Right now we’re seeing resistance holding on a first-harmonic Jupiter line; our expectation is that the first-harmonic Venus line just below it will continue to provide upward-trending support for Silver. Here the Jupiter line is blue, the Venus line is green, and the New Moons are marked with red price bars.