Since the beginning of the year gold has registered 8% gains compared to 20% rise for the silver. The charts compared over two year period show double price appreciation for silver compared to gold. Although the sharp silver’s gain since the beginning of the year it is still trading in downtrend unlike the gold which has broken its resistance.
Comments
raycochrane
⋅
If You look at the SELL volume from May 2011, Silver has a HUGE Overhead resistance - weekly lows likely to be tested again and taken out before this baby attempts higher.
timwest
⋅
Nice chart. It's always good to look at markets relatively.