Silver's "real rates" defined phases

In a precious metals bull era, note how silver can easily move UP with real rates, sensing their eventual nose dive.

As long as Silver senses another eventual nose dive, it will move up with real rates ahead of that move.

When we have the final uber negative real rates, accompanied with "death of the US equities" head line news on CNBC, and the Dow to Silver ratio at the opposite side of the spectrum...

Then we can call it quits for silver bull era.