Possible scenario for Gold/Silver ration. If it happens than since Gold has broke out from consolidation while silver has relatively remain calm due to Gold/Silver ratio . If Gold from now corrects and came down than Silver will come down faster. If silver reaches 16.35-16.5 than it will be great opportunity to go long on silver .
Comment: Bounces from low. May retest trend line before further move down.
Comment: Retesting of old assending triangle is taking place before bear take control. Silver has reached important place at 16.35 old strong resistance now support.
Yes gold and silver has positive correlation but degree of positivity or negativity changes with time which depends on Gold to Silver ratio. Positive correlation always hold. I said above that if gold down , because for every impluse there is some correction before next impluse up or down. 1270-1280 was the area which hold the price below this area for more than 7 weeks. It may retest this area..