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GOLD/SILVER ratio. Is Gold about to outperform Silver again?

Long
The Gold/ Silver ratio seems to be trading inside a Channel Up since the 2008/2009 subprime mortgage crisis. The recent COVID crisis and sell-off in March 2020 served as an excellent catalyst for the pair to make a Higher High within the Channel. In February it appears that the new Higher Low was priced and looking at the CCI , we have a similar bottom sequence as in early 2011.

On the short-term I see a quick jump if the 1W MA50 breaks (blue trend-line) towards the 1W MA200 (orange trend-line). On the (very) long-term I appears that the ratio will again enter a decade long steady rise to a new Higher High until the next crisis/ catalyst, so we can expect Gold ( XAUUSD ) to start outperforming Silver ( XAGUSD ).





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Comments

I checked your past charts. Your charts are beautifully drawn, but they have never been accurate.
+1 Reply
Best post!Thanks a lot
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I for one will be watching for the break.
Gold started it's first leg up back in 2018, silver just completed it's first leg in 2020. Second leg in silver will most likely be more violent.
Also, silver is still historically speaking "cheap" compared to gold. I would not be surprised that gold/silver ratio returns to 50:1 or even as low as 30:1.
Reply