While Gold remains in its high level consolidation, which is now starting to narrow, digesting its recent run into northern territory, Silver has caught a bid and is now playing 'catch-up' to the yellow metal and in the process, now finds itself at a key inflection point as we can observe from the Daily chart above.
With the Gold:Silver ratio recently ticking the 95 level, we're now beginning to see a shift in appetite via both investors/traders towards Silver, while Gold consolidates in a constructive manner.
Although Silver has further work ahead of itself from a technical standpoint, 'If and When' Silver can clear the $15.64 level and hold, such development would be a positive and likely ignite further upside into the 16-handle in short order.
Nonetheless, both Gold and Silver remain in the very early innings of a sea change taking place, where we expect both metals and those of precious metals equities to outperform in the weeks/months ahead, whereby we suspect that many of the stocks within the precious metals landscape may just provide multi-bagger returns throughout this bull phase, which we believe will be powerful.
With the Gold:Silver ratio recently ticking the 95 level, we're now beginning to see a shift in appetite via both investors/traders towards Silver, while Gold consolidates in a constructive manner.
Although Silver has further work ahead of itself from a technical standpoint, 'If and When' Silver can clear the $15.64 level and hold, such development would be a positive and likely ignite further upside into the 16-handle in short order.
Nonetheless, both Gold and Silver remain in the very early innings of a sea change taking place, where we expect both metals and those of precious metals equities to outperform in the weeks/months ahead, whereby we suspect that many of the stocks within the precious metals landscape may just provide multi-bagger returns throughout this bull phase, which we believe will be powerful.
交易進行
SI1! continues to perform well, just like $GC1!.We are long-term holders.
Good luck to all!
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。