Silver Driver Strength Index
Silver Driver Strength Index
This indicator compares Silver with the macro forces that often influence its move
It helps separate price strength from driver strength
Silver can rise because the backdrop is supportive
But that is not the same as Silver showing strength beyond its usual drivers
The index uses Gold, dollar strength, yields, real yields, inflation expectations, and volatility
Above 0 means Silver is showing strength beyond its drivers
Below 0 means the drivers are doing more of the work
Around 0 means Silver is moving broadly with the macro backdrop
This is not a buy or sell signal
It is a market context tool
This indicator compares Silver with the macro forces that often influence its move
It helps separate price strength from driver strength
Silver can rise because the backdrop is supportive
But that is not the same as Silver showing strength beyond its usual drivers
The index uses Gold, dollar strength, yields, real yields, inflation expectations, and volatility
Above 0 means Silver is showing strength beyond its drivers
Below 0 means the drivers are doing more of the work
Around 0 means Silver is moving broadly with the macro backdrop
This is not a buy or sell signal
It is a market context tool
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.