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.
Giao dịch đang hoạt động
SI1! continues to perform well, just like $GC1!.We are long-term holders.
Good luck to all!
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Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.