Jump in silver sentiment
Silver recently broke out to a multi-year high, and based on conventional technical analysis this is a good sign for silver. Since sentiment usually moves inline with price, silver's breakout pushed sentiment higher:
When silver's Optix reached 73 for the first time in 200 days, silver had a strong tendency to pullback in the next 2-4 weeks:
Gold and silver tend to move together, so this was a short term bearish factor for gold as well:
Moreover, breakouts from multi-year highs usually led to short term pullbacks for silver: