Supporting the SILVER EXPLOSION idea... here is the rising wedge on the Gold / Silver ratio chart. Below is an example of a rising wedge from the BCH/USD chart that recently played out to give you an idea of how these can move. Looking at the SILVER EXPLOSION chart, and using this as supporting evidence, only adds to the probability of much gains.
Gold prices continue to remain in the rising trend, although the upward region has slackened occasionally, the bear market has not been switched. When we look at the gold / silver ratio, we see that silver is preferred more. Relativity technical indicators can be observed here. A new idea for gold will be shared in a different analysis when the time comes. I will...
The fall of this ratio would mean silver would give you more return than gold. So, its better to buy silver than gold if you are willing to trade commodities. Silver's long term target is at 24 (18.16 as of writing).
Commodity and Fixed Income Series : Part 1 Commodities ( Ratios+the most popular and widely traded Commodities ) The Essential note s from this chart are the following( Indicator analysis included in the comments ): {4.5 minute read} To begin with the easiest part of the chart. The supports were identified on the quarterly chart which will be linked in the...
XAU/XAG – Monthly Resistance & Support: Resistance: 86.00 Support: 74.00 XAU/XAG – Summary: Expected to start a Bullish Swing from the current 79.00 Levels and complete the Ending Diagonal pattern at or around 86.00 Levels Bearish Impulse expected at or around 86.00 Levels