I have had a target on the gold-silver ratio of low 80’s to 90. Then on Friday the GSR did this, putting that target in question (it hit 81, but I was thinking higher).
Here it is today, converted to GLD-SLV…
The weekly view is not broken down, however…
Here’s the view of silver vs. gold (SLV-GLD) live. Silver bounces vs. gold periodically; even making a signal above the SMA 200. But this is not a trend change yet.
Indeed, per our ‘silver lock down’ chart, here is what has been ongoing as pressure mounted around the world and now, in the US (not to mention in commodities and precious metals)…
So is silver going to break upward vs. gold this time? Why don’t we let silver (and gold) answer that question rather than get caught guessing or talking our books?
