GLD/SLV Update

Both GLD and SLV look like they want to do a little backing and filling of the gap this morning, their longer term charts still suggest they have more upside to go.

 GLD 1 min is pretty much in line, there was a positive divergence yesterday near the close, this s the kind of action the market was missing yesterday to give it support today.

 GLD 5 min is quite negative, I imagine it will fill most of the gap

 The 30 min chart though is still very strong and suggests more upside

 SLV 1 min is largely in line with price.

The 5 min is negative, again I'd expect some filling of the gap this morning.

Still, the intermediate and longer term intraday charts are still positive ( these are the larger view beyond intraday pullbacks)