TradingShot

SILVER will heavily outperform GOLD in 2021

Long
I've looked into the SILVER / GOLD ratio a few times in the past and I can tell with a certain degree of confidence that we have a strong confirmation that Silver will outperform Gold in 2021.

The reason is the MA50 (blue trend-line) on the 1M chart, which broke earlier this year and since August has turned into a Support. Since 1993, every time that happened (1M MA50 break-out which then turns into Support), then the Silver / Gold ratio rises aggressively, meaning that Silver heavily outperforms Gold .

Note that the last two times this happened, the ratio topped just over the -1.5 Fibonacci extension (from the bottom to the break-out of the MA50). The -1.5 Fib extension is now at 0.025.

Do you think history will be repeated?


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Comments

Yup, been stacking silver!
+1 Reply
Do you know of any silver backed stable coin comparable to XAUT in gold?
Reply
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