This is a historic low for silver when compared to other commodities. It seems clear that we are in a similar position in terms of ratio and 50,200 MA as October 2018. I would expect a 30% bounce in the ratio before retesting 200 MA.
In the SILVER chart this corresponds to retesting trend around $24. Bouncing off 200 MA in silver is also possible, but we will eventually see new highs by end of March 2022.
In the SILVER chart this corresponds to retesting trend around $24. Bouncing off 200 MA in silver is also possible, but we will eventually see new highs by end of March 2022.
Comment:
Silver still at a historic low. Nothing has changed with this chart including the fact that I still can't draw accurate lines.
