If it breaks above the blue and teal lines, it can go bullish for a while.
Watch that dark blue line - being above it is good and breaking below it is bad. So far it seems to provide very strong support. The rise of Silver could be built on this line.
Go long when it's climbing from a lower line to a higher line above, and go short when it's falling from a higher line to a lower line below.
It seems it's getting somewhat harder to simultaneously protect both equity and currency. But from having an easy time protecting both (since first announcing rates normalization due to having enough recovery) to having too difficult of a time protecting both to a point where enough price-insensitive selling occurs in either market to cause serious trouble, where...
See the VXX since-2015 chart for recent actions.