The Gold/Silver ratio has had a significant run from April 2011 to March 2020. Pushing the price of gold much higher than Silver. Although this is a very boring chart to keep watch of, currently price action is holding support at the 81 zone. However, the RSI is holding a more critical support at 50. While measuring the SRSI, momentum seems to favour the...
Gold/Silver chart ratio normally used by hedge fund to “Swift” within “Silver” or “ Gold” assets. They usually “treat” ratio of >=100 as buy silver instead of gold vice versa for below <= 50..Instead of follow 50-100 rules. Traders could “read” gold/ratio chart spotting where its “support/resistance” located and decide to “hold” silver or gold.
Gold/Silver ratio predicts silver should outperform gold. Bearish engulfing candle last month at fibonacci 50%.
Conviction: 5/5 LT, 3/5 MT long-term (multi-year) positive near-term (this year): neutral performance of OANDA:XAUUSD relative to OANDA:XAGUSD looks pretty good, but approaching resistance line. also, recently had bullish divergence on RSI-W in mid-2020.
I'm long term bullish on both gold and silver. With rates rising in the short term, ehh idk, but that's not the purpose of this post and real interest rates are still largely negative. Disregarding the spike in the gold/silver ratio in 2020, the gold to silver ratio is at all time highs. Silver has proven in the past to be a potentially better hedge against...
Our weekly hammer, as of the morning of June 3, is only 1/4 of the way down between Bollingers. Daily has an engulfed candle. I think it's bearish.
Recent action in SIlver (and Gold) suggests a potentially negative development for both due to USD strength into the near future. Unless Silver start going up and fast, alternative scenario may be at play, a topping wedge with 150:1 or more gold/silver ratio!
Price approaching a huge imbalance area left when we had previous BOS and Liquidity taken. Bollinger bands also overextended to the upside suggesting a short setup.
Please LIKE, COMMENT, or SHARE for your SUPPORT. For those that know me, I've been looking at gold and silver very closely over the years. I last purchased them during the crash of 2020 with an average cost of $17 an ounce of silver and $1450 an ounce of Gold. I used the dollar cost average method to build my positions. I then sold the gold at $2050 an ounce and...
This is a comparative chart of Silver along with GOLD SILVER RATIO. Its hows Whenever the ratio reaches 85-87 zone it tends to top out resulting in a Silver rally. Moreover, more it goes down the appreciation of Silver increases than Gold. Only exception was 2020. Well that was a year of all exceptions. We are at that mark again. To me its a good opportunity to...
In this weekly chart, 67 to 81 have been an impt range for multi-year consolidations (see the 2014 4-year consolidation box & the recent 2020 & on-going Inv H&S. Pattern). When price is rejected by 81, silver rallies more. When price bounces from 67, gold rallies more. Starting 2021, the ratio has formed an upchannel from the bottom of the head. This channel has...
gsr monthly, big bearish candle, lost 200MA. more words to get it published
I think I need to re-visit something I wrote on the 17th January on the Silver market, at the time silver was trading at 23.04…. to my eye it looks even more interesting now, it has finally started to lift off the 21.17 pivot and the obvious targets are the highs around 28/30 seen back in 2020. This is what I wrote in January…’ I was chatting to a techie friend...
$gsr gold to silver ratio now has more consecutive green candles than the run up in March 2020. Big downside is very probable from here. Even a small bit of downside breaks the long channel going back to Nov 2021. I think that would spark the launch of #silver.
This ratio is following the previous consolidation range of 68 to 82. If 82 breaks upward, Gold & silver will be seeing a big upside. If stocks reverses, gold & silver may furtherconsolidate inside this box. Watch the 82 level.
JUST SEE CHART Metals are getting some life at last!
I see a triple top on Gold/Silver Daily chart. My target is a ratio of 70 and then if we bounce back from that support level then I’ll look to see where we’re headed next.
Gold / Silver trend BASED ON price action tools (parallel channel)