Silver has not been this cheap to Gold ever! The rising wedge is a bearish terminal pattern and should reward Silver investors almost 2:1 as far as gains, to those who stack Gold! Look for a confirmation in reveral with a break of 83:1. TARGET 50:1
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I meant to say was SHORT this pair, too late to edit. But you can see I have the price target below at 50:1. Sorry for confusion.
When it hits 50:1 where would you expect it to go from there 67:1, 80:1?
coreymurphy7288
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@blockchaincharts, i think a better picture will emerge once we reach that area. For now there is a support line around 50:1 by connecting Dec 2008 high with July 2016 low... if we get there and bounce maybe a retrace, but if we breach we can see 30:1 or 10:1 depending on formation. Hope to update on chart more when we get there! good luck.
CryptoPaily
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Gold has been increasing bought up by several countries stockpiling due to rising global tensions. Silver is the next commodity to be FOMO'd in for institutional and retail investors. Silver stocks (Manufacturing & silver exploration companies) have been moving up in the past few days. Silver looks ripe for the taking.
coreymurphy7288
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@CryptoPaily, awesome. And totally agree! :) thanks for insight.
transparent-fx
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thanks for sharing, looking forward to your next idea, if you want to take a look also at my ideas i'm sure you would take value, cheers