A telling divergence has occurred between the price of action of gold and silver!
While gold prices in late-November/early-December formed a lower low, silver prices formed a higher high!
It is well understood that silver outperforms gold in precious metals bull markets!
Is this divergence therefore indicating that we seen the lows in this period of correction and another move higher is coming?
Or is gold indicating that another severe fall in the price of silver is coming?
I believe the falling wedge that has been formed in gold's recent price action has been fulfilled and we are about to see a significant move higher in precious metal prices!
While gold prices in late-November/early-December formed a lower low, silver prices formed a higher high!
It is well understood that silver outperforms gold in precious metals bull markets!
Is this divergence therefore indicating that we seen the lows in this period of correction and another move higher is coming?
Or is gold indicating that another severe fall in the price of silver is coming?
I believe the falling wedge that has been formed in gold's recent price action has been fulfilled and we are about to see a significant move higher in precious metal prices!
Comment:
Looks like silver just bounced off the rising trendline, we could see new highs very soon
