The Gold/Silver ratio is unfolding in a clear impulsive decline after completing a major corrective top. Current structure suggests wave ((3)) acceleration is underway.
🔎 Key Technicals
RSI: Ratio near 30 zone → signals extended downside and supports wave ((3)) continuation.
Wave count: After ((1))-((2)), the ratio is now in 3-((3)). If confirmed, expect a sharp downside in the coming sessions.
Fibonacci: Ratio needs another ~17% decline to reach the 61.8–78.6% zone → historically, this aligns with 30–40% upside in Silver vs ~10% in Gold.
🔁 Weekly RSI Divergence in Silver (Need to erase wrt wave I if current we are in 3-3 of III)
An essential condition to confirm a true 3-3 on weekly Silver must erase the weekly RSI divergence that formed since 2020, which supports a big weekly move ahead if its 3-3.
tradingview.com/x/dpAxyNrp/
Practically: we need decisive breakout price action (weekly closes above the prior ATH / major swing high — ATH $49.814 is the key structural level marked) and a meaningful weekly RSI recovery that removes the bearish divergence from 2020.
Why it matters: Erasing that weekly divergence in the current cycle confirms momentum has rotated fully in silver’s favour and validates a 3-3-3 impulsive extension on the weekly count. Without it, rallies risk being corrective only.
📌 Historical Parallels – July 2020
Ratio dropped ~20%.
Silver rallied ~40%, Gold ~10%.
The current setup is almost identical.
🪙 Dollar Index Cycle
DXY remains bearish in weekly/daily cycles, reversing from equal-leg resistance.
This macro backdrop supports further downside in the ratio.
tradingview.com/x/ffTLIMJB/
🟡 Gold vs Silver poionts
Gold: Bullish, but daily/weekly RSI divergences suggest upside acceleration may fade.
Silver: Positioned at the top of its cycle without any RSI divergence in daily as well as weekly.
If ATH $49.814 breaks, more buying might come as its last hope for sellers, and it will hit their SL, and they will become buyers.
That confirms a 3-3-3 impulsive wave → next target $55–60.
🎯 Elliott Wave Targets
Silver: $55–60 (+40%).
Gold: $4100–4200 (+10%).
Gold/Silver Ratio: Extending into wave ((3)) decline.
🔥 Summary
Silver remains the stronger bet vs Gold.
RSI + Elliott structure confirms downside in the ratio.
Expect explosive upside in Silver if ATH breaks.
⚡ Trader Takeaway (Next 10–20 Days)
BONUS
Watching for the 3-3-3 extension in Silver.
If Gold-Silver ratio keeps falling, Silver could outperform sharply.
Historically, both Gold and Silver made their last explosive moves when the Dollar was completing the final leg of a major cycle, or it was doing a pullback (in wave 2) just after 1st wave after completing a major cycle (Again, one eg. is July 2020). The same setup seems to be repeating now: since September 2022, the Dollar has been tracing out its last leg down toward cycle completion.
This phase is often underestimated because traders assume “no big move left in the Dollar” — but that very complacency tends to fuel sharp rallies in instruments that trade against the Dollar, especially Gold and Silver.
Targets: Silver $55–60, Gold $4100–4200.
🔎 Key Technicals
RSI: Ratio near 30 zone → signals extended downside and supports wave ((3)) continuation.
Wave count: After ((1))-((2)), the ratio is now in 3-((3)). If confirmed, expect a sharp downside in the coming sessions.
Fibonacci: Ratio needs another ~17% decline to reach the 61.8–78.6% zone → historically, this aligns with 30–40% upside in Silver vs ~10% in Gold.
🔁 Weekly RSI Divergence in Silver (Need to erase wrt wave I if current we are in 3-3 of III)
An essential condition to confirm a true 3-3 on weekly Silver must erase the weekly RSI divergence that formed since 2020, which supports a big weekly move ahead if its 3-3.
tradingview.com/x/dpAxyNrp/
Practically: we need decisive breakout price action (weekly closes above the prior ATH / major swing high — ATH $49.814 is the key structural level marked) and a meaningful weekly RSI recovery that removes the bearish divergence from 2020.
Why it matters: Erasing that weekly divergence in the current cycle confirms momentum has rotated fully in silver’s favour and validates a 3-3-3 impulsive extension on the weekly count. Without it, rallies risk being corrective only.
📌 Historical Parallels – July 2020
Ratio dropped ~20%.
Silver rallied ~40%, Gold ~10%.
The current setup is almost identical.
🪙 Dollar Index Cycle
DXY remains bearish in weekly/daily cycles, reversing from equal-leg resistance.
This macro backdrop supports further downside in the ratio.
tradingview.com/x/ffTLIMJB/
🟡 Gold vs Silver poionts
Gold: Bullish, but daily/weekly RSI divergences suggest upside acceleration may fade.
Silver: Positioned at the top of its cycle without any RSI divergence in daily as well as weekly.
If ATH $49.814 breaks, more buying might come as its last hope for sellers, and it will hit their SL, and they will become buyers.
That confirms a 3-3-3 impulsive wave → next target $55–60.
🎯 Elliott Wave Targets
Silver: $55–60 (+40%).
Gold: $4100–4200 (+10%).
Gold/Silver Ratio: Extending into wave ((3)) decline.
🔥 Summary
Silver remains the stronger bet vs Gold.
RSI + Elliott structure confirms downside in the ratio.
Expect explosive upside in Silver if ATH breaks.
⚡ Trader Takeaway (Next 10–20 Days)
BONUS
Watching for the 3-3-3 extension in Silver.
If Gold-Silver ratio keeps falling, Silver could outperform sharply.
Historically, both Gold and Silver made their last explosive moves when the Dollar was completing the final leg of a major cycle, or it was doing a pullback (in wave 2) just after 1st wave after completing a major cycle (Again, one eg. is July 2020). The same setup seems to be repeating now: since September 2022, the Dollar has been tracing out its last leg down toward cycle completion.
This phase is often underestimated because traders assume “no big move left in the Dollar” — but that very complacency tends to fuel sharp rallies in instruments that trade against the Dollar, especially Gold and Silver.
Targets: Silver $55–60, Gold $4100–4200.
